Contractors are being let down by high street mortgage lenders
More needs to be done to help contractors and self-employed workers to purchase a home, as while this sector is important to the economy, lenders seem to forget this.
The hoops contract workers and the self-employed have to go to be considered for a deal, shows just how they are viewed by banks – and that’s as a higher risk. If you don’t neatly fit into a box then a lot of lenders will reject you. So with this in mind is there any wonder there’s renewed demand for self cert products?
If you don’t fit easily into lending criteria and you can’t be looked at objectively by a lender, what are you supposed to do to get a mortgage offer?
With the self-employed and contracting being the fastest growing of the work sectors, it’s high time that lenders started to recognise this.
If you are a contractor and you want a mortgage, we at Deal Direct will do all we can to help you out. We have some really good relationships with specialist lenders who we know will look favourably upon your application. Give us a call, explain your circumstance and let us go out to the market to source you a mortgage.
We want to help as many contractors as we can to climb on the property ladder, move to a bigger home or remortgage, so call us on 0800 048 8828.
We have a track record helping contractors, so speak to one of our advisers to find out how we can help you. We can find a lender to look at your application on an individual basis which increases your chances of mortgage success.
Deal Direct – contractor mortgage advisers
0800 048 8828.
