What is GIGLY?
GIGLY is a data platform which helps you navigate the gig economy more easily. We introduce giggers to gig friendly mortgage brokers for no fee. We are in the process of building a job platform for 2018 which will be paired with business coaching, personal training, and accountancy to offer gig economy workers a full suite of innovative and helpful products and services.
How much do your services cost?
As data processing platform, we are over the moon to deliver our services for free. Where possible we introduce you to gigger experts that do not charge you a fee. For example we only work with mortgage brokers that do not charge a fee.
Who are your partners?
We only work with IFAs who are experts in contractor, freelance, self-employed and gig worker mortgages and financial services. They have signed up to the GIGLY charter which means they don’t charge a fee for their services.
How do you make money?
Each service is different. For example, our mortgage partners get paid by the lender on completion of each mortgage. They share 50% of that fee with GIGLY, which allows us to continue the development of the GIGLY platform.
What is a gig?
A gig is work, where workers are paid by the hour, day, completion of a project or gig. It can include everything from a IT contractor being paid over 9 months to deliver against a specific project to a contracted driver paid for a one off food delivery or car journey.
What is a gigger?
A gigger can be almost anyone. Contract nurses, food delivery drivers, IT consultants, and taxi drivers are all examples of giggers. As the gig economy grows, more and more of us will become giggers.
Can we have a chat?
Yes please! You can message one of our assistants with our live chat box on the right of your screen, phone us on 020 3582 6091, or arrange for us to call you back at a time that suits you.
The GIGLY company may be new, but our mortgage advisers have over twenty years of experience processing mortgages, so they really know what they’re doing. We only work with IFA who are regulated by the FCA and have experience in gig or contractor mortgages.
Do you provide mortgages or financial advice?
No, we are not a broker. We do not provide financial advice. Once you join GIGLY we work with you to make sure you have everything you need for a mortgage and only at that point do we ask if you would like us to match you with our vetted gigger friendly IFA who provides the mortgage advice. We only work with fee free mortgage brokers.
What is a gig mortgage?
A mortgage is essentially a loan secured against the property that gives you the ability to buy your home The terms of the loan can be influenced by the length of time you plan to pay it back over, how much you want to pay each month and your income. A gig mortgage is specially designed for contractors, freelancers and self-employed people, and based on an annualised contract rate rather than a regular income.
How long will it take to get a mortgage?
It typically takes 2-3 days from creating your account to submitting your application to the lender. In some cases this may take longer (for example, if you don’t have your documents to hand or need to speak with an adviser about your credit history). In either case, we’ll keep you in the loop at every step of the way.
Once the lender has received your application they’ll typically take 2-3 weeks to review it and issue your mortgage offer. Again, sometimes this will be quicker or slower depending on your unique circumstances.
What documents do I need to provide?
In order to submit your application to the lender we’ll need a copy of the following documents for each applicant:
- ID x 2 – Passport or driving license plus a utility bill or bank statement issued during last three months
- Copy of current contract (and previous if you have been contracting for a while)
- Employed – Last three-months’ payslips and latest P60
- Self Employed – 3 years SA302 & Corresponding Tax Year Overview
- UK Financial Institution statement showing funds available for deposit
Depending on your circumstances, we may ask you to provide some additional documents such as a proof of deposit or a mortgage statement.
In addition we’ll ask for some basic information (date of birth, address etc) when completing your GIGLY Profile.
What is a ‘decision in principle’?
Before applying for a mortgage, and often before making an offer on a property, you’ll need a Decision in Principle (DIP). This is also known as an Agreement in Principle (AIP) or a Lending Certificate. It confirms what lender is prepared to lend to you based on the information you have disclosed to us and your circumstances.
Getting a DIP involves a credit check, and getting numerous credit checks can adversely affect your credit score.
How much will it cost me?
At Gigly we do not charge a fee for our mortgage services as we receive a fee from the financial adviser for introducing the business to them. However many lenders do charge product fees for their loans. Our advisers will do their utmost to avoid products which attract fees and a product with a fee will only be recommended if our adviser feels this is the best solution for you.
In terms of legal fees – we recommend you approach your solicitor for an estimate or if you do not have a solicitor we can recommend one for you – please ask us for the details.
How do I get started?
The first step is simple and involves no paperwork – result! One of our experienced financial advisers will have a chat with you over the phone to get an idea of what you are looking for and how GIGLY can help you. You can ask for a free call back to discuss your mortgage here.
Can you get me a gig?
We think so. Our gig service isn’t ready yet, but when it is, we envisage it matching gig workers of all types to GIGLY approved employers looking for talented freelancers to complete jobs and contracts.
When will your gig service come online?
Our job service is currently in development and will be launching in 2018. Please sign up for early access here to hear more about the GIGLY gig service as and when we roll it out.
What do you do with my data?
Data is one of the most valuable and precious currencies in the world. As a result, we take care to look after and protect any and all data you share with GIGLY. It is only shared with our trusted partners when you tell us to bring them on board, and never sold or passed elsewhere.
What is your GDPR Policy?
GIGLY aims to follow GDPR regulated guidelines, below is our GDPR Policy.
Gigly collects sensitive data specific to the individual to provide GIGLY related services. You provide some of this data directly, such as when you create a Gigly profile or contact us for support. We get some of it by recording how you interact with our web pages, for example, using technologies like cookies. Gigly uses the data we collect for a few basic purposes:
- to operate our business and provide (including improving and personalising) the services we offer,
- to find you relevant mortgages and/or jobs specific to the data in which you have provided.
Gigly uses the data we collect to operate our business and provide you with the services we offer, which includes using data to improve our services and personalise your experiences. We also may use the data to communicate with you, for example, informing you about your account, security updates and product information. Your data will be collected either by one of our GIGLY employees or by our FCA approved mortgage advisors. We share your personal data with your consent or as necessary to complete any transaction or provide any service you have requested or authorised. We also share data with Gigly controlled affiliates and subsidiaries; when required by law or to respond to legal process; to protect our customers; to maintain the security of our products; and to protect the rights or property of Gigly.
Privacy & Cookies
Always. Your personal information will be treated as confidential by us and held in accordance with the Data Protection Act 1998.
Cookies allow us to ensure you have the best possible experience on our website. We use the following types of cookies:
- Strictly Necessary Cookies
- Performance Cookies
- Functional Cookies
- Targeting Cookies
You can control which cookies appear on your computer through our cookie control options and your device settings.
Our full Privacy & Cookies Policy can be found here.