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In the UK, contractors are considered high-risk for mortgages and car loans. Even if you manage to lock-in a mortgage before starting your contractor career, it will make things difficult should you wish to remortgage (which is almost mandatory every 3 to 5 years, these days...).


Oh yeah, totally forgot about that one... and in case you end up broke/in debt with contracting, your personal credit score will be screwed up, too.


You can get a contractor mortgage based on your day rate in UK.




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