Get the best suitable Contractor Mortgages for your specific needs
A contractor mortgage specialist will be able to source you a rate that is competitive and no more expensive than a standard mortgage available to a permanent employee. A number of Contractor Mortgages specialists have lobbied to get lenders to alter their lending policy towards contractors. This has meant that lenders are reviewed their traditional underwriting criteria to accommodate contractors.
Use our new Contractor Mortgages calculator to see how much you could borrow today. This is an approximate guide based on the calculations that the best contractor mortgage lenders across the UK have provided. For a personal quote taking your personal circumstances into account contact us today. Our team will be more than happy to help you work out exactly how much you can borrow today.
Those lenders who offer Mortgage For Contractor will work just from a generous multiple of your annualized contract rate (up to 4.5 times income). By making use of your contract, this circumvents the need for providing company accounts, pay slips or tax returns. There are professionals that specialize in mortgages for contractors and offer high expertise and cooperation for financial institutions allowing for you to not only get an approval on your next application, but also the best deal possible. Mortgages specially made for contractors and freelancers today are at level with standard mortgages, no extra fees and the interest rates are the same as everyone else.
Our team of experienced Contractor Mortgage Brokers has taking considerable steps to ensure that they are in the best place possible to be leaders in this field. They have a full understanding of the requirements of contractors and mortgage lenders alike giving every one of our clients the best possible chance of getting approved for their mortgage. Every team member is fully ceMAP qualified with a minimum of 15 years’ experience each
In essence a contractor mortgage is no different to a standard mortgage. So why do you need a specialist broker appose to a regular mortgage broker or high street bank. The answer is simple unfortunately contractors fall between the gap and have been deemed as risky as self-employed over the years. Here at The Contractor Mortgage Broker we know this is not true and working with mortgage lenders from across the UK we are now able to make it a lot simpler for you to get approved.
However, there is an answer to your troubles, the contractor mortgages that are especially created for contractors and freelancers. Today certain mortgage brokers are able to offer a mortgage that is especially made to service you and other freelancers. Contractor mortgages are especially made to ensure that contractors and freelancers get the same treatment and service that all other mortgage applicants get. They should not be discriminated against and rejected just because they have chosen to work for themselves instead for another company.
So if you are freelancing and worried that you won’t be able to secure a loan in time, or at all, consider a mortgage for contractors. There are plenty of options available out there to ensure that you get the home of your dreams and do not just watch as the SOLD sign comes up on the front lawn as your dream slips away. House prices have been falling recently, so to pick up the bargain dream home you have always wanted, consider the many options of contractor mortgages.
When you speak to one of our team we will ask you a few simple questions that allow us to get started looking into the best Mortgage Contractor available to you. Call us today to speak with our expert team in more detail or fill in the contact form on the right hand side and we will ring you back at a time that suits you.
