Tier 1 can go for mortgage?

hi
i am currently under Tier 1 and I need to renew it next year (june 2012) for the next two years then I can go for ILR.
My question is can I get a mortgage or do I have to wait for ILR
Regards

Some companies will lend and some may not. The ones I have spoken with require a minimum length remaining on the visa (eg, one year). Other issues are if you work on contract (rather than permanent) and size of deposit.

(If anyone has a broker/adviser they used while a contractor, send me a PM, I'd appreciate it!)

Yes you can, try RBS or Halifax bit flexible with Tier1 immigrants,
(Iam with RBS)

I tried for a housing loan with Lloyds with Tier 1 and they wanted me to have ILR.

Best option for a mortgage is the bank where you get paid your salary and have your main account. Few of my friends got mortgages from HSBC while on work permit which was a stretch really. But they were banking with HSBS for 3 to 4 years.
When it comes to Tier 1, you need to have a minimum validity which may be different depending which bank you chose.

Also note that mortgage rates here vary a lot based on your profile. You may end up paying a higher interest solely because you have restrictions on your stay here which the bank is risking - so it's a negative point for which the bank will charge a slightly higher rate.

KP