Contractor Mortgages

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Contractor Mortgages

Did you know, contractors on their very first contract can get a mortgage. Freelancers whose accounts show little in the way of take-home pay can also qualify!

A Contractor Mortgage is designed for workers without a permanent position. Which makes these self-employed professionals believe that it is not possible to get a mortgage as a contractor. Lenders tend to prefer applicants in full time employment as they are lower risk. 

Is it Impossible to get a mortgage as a contractor?

It is not impossible to get a mortgage as a contractor with the right lender. Just one year of accounts are now required for affordability testing. This is why it is important to find specialist advice from a broker with access to variety of mortgage products.

You may have found it difficult to obtain a mortgage as some lenders would want to tax returns for at least 2 years. Well, we work with lenders that are able to take the day rate of the contract for affordability purposes.

How can we help?

Our advisors assess your circumstances and then advise and recommend according to your needs.

To work out how much you could possibly borrow please use our affordability calculator below.

Your home may be repossessed if you do not keep up repayments on your mortgage.

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