Why is it Difficult for a Contractor to Get a Home Loan?

I'm a Contractor and earn good income - why wont the banks give me a Home Loan? Banks, credit unions and building societies simply like wage earners! Wage earners receive holiday pay and sick pay but more importantly will work a minimum number of hours a week and receive the same pay week in week out. This makes it easy for a bank to work out if you will be able to make repayments going forward. Contractors generally have [...]