One of the best forums is the Kiwi First Home Buyers Group on Facebook. You can join and ask your questions or view the questions that others have asked. People including mortgage advisers, real estate agents, solicitors and other first home buyers respond with some very useful information. It’s free to join too.
Yes, rideshare drivers can get mortgages but as with any finance application you need to be able to ‘prove’ your income. As a mortgage adviser that also does drive for rideshare companies I know how to structure a mortgage application for rideshare drivers.
Yes, drivers for Uber and other rideshare options can get mortgages if they can prove their income. The key here is to prove your income in a way that is acceptable to the bank or another non-bank lender that does mortgages.
Yes, both of these incomes can be combined and then apply for a mortgage. In regards to rideshare income, you generally have to be a rideshare driver for a minimum of 6 months but lenders often require 2 years of financials and IR3 at the time of application assessment.
A second job is usually classified as an additional income when qualifying a client for a mortgage. Time on the job is the key factor.
Like anyone else, someone that is self employed can get a mortgage. They will need to have been self employed for a while, and typically this means being able to show 2-years financials for a bank. If you cannot yet show 2-years financials then a non-bank may still be an option.
As a mortgage adviser that specialises in helping self employed people I know that you may earn more than the financials show and know what expenses can be included back as income. Too often the banks do not include all of the income for self employed and that is a reason that so many self employed struggle to get a mortgage.
Generally you have to be self employed for a minimum of 6-months but banks often will require 2-years before they can approve a mortgage.
There are exceptions and it often depends on the type of work you are engaged in. If you are a person that is contracting to a single company then you may be treated more like an employee.
It’s important to ensure that the application for finance is prepared to answer the lenders questions and give yourself the best chance of success. That is why most self employed will look to work with an adviser that knows what the banks and lenders need.