I'm currently working as a contractor for one company. I go through an agency who does all my payroll and I do not have to do activity statements for tax purposes. Will I have any issues getting a mortgage?

Hi Matt,

Hope this finds you well. Based on the scenario that you have described above on face value I can't see any issues with you being able to get a mortgage.
Generally when you are working as a contractor most lenders like to see a minimum of two years history in that field as they tend to treat you as self employed. In your situation as you go through an agency this works in your favour for stability.
Generally you would need to provide two years personal tax returns to show consistency in income which will assisting in showing your capacity to repay a loan. The fact that you would most likely be able to show payslips & I would presume a copy of the contract get you have all adds up to a positive for you.
Happy to discuss further if you would like.
Feel free to contact me.

Rebecca

Hi Matt,

Generally if you with an agency and they pay your tax you could be considered as an employee contractor. This is acceptable by majority of lenders.
Few things to consider are:
1. How long is left on your contract before renewal? Longer the better.
2. How much are you looking to borrow vs the property value? Ie is mortgage insurance required? Banks are more lenient if not but again not impossible to get finance.
The answer to these questions can narrow down your best options.
I hope this helps and I'm happy to discuss any time.

Hi, there are some lenders that will have minimum employment lengths in this case but mostly you will be treated as standard payg applicant

Hi Matt.

Some smaller lenders may have a stricter policy based on your situation especially if the loan requires Lenders Mortgage Insurance. On a positive note there are a large number of lenders that would happily look at this.