First time contractor mortgage applicant? Call 0800 048 8828.
If you are searching for a contractor mortgage for the first time, contact Deal Direct for expert guidance and assistance.
Overall, first-time-buyer borrowing in the UK in recent months has not been as popular as remortgaging. Those who already have a mortgage on their property have been taking advantage of the historic-low rates in their thousands and switched to a cheaper deal. However, even though a rise in the base rate is expected imminently, signs indicate that remortgaging activity has begun to tail off. First-time-buyer activity, in contrast, has risen and lenders have responded by providing competitively priced deals.
First-time-buyers are perceived to have a challenging time in a) finding a suitable mortgage offer and b) saving the deposit. This is even truer if you are seeking a mortgage as a contractor, as you have the added requirement of facing tough affordability tests by demonstrating income over 1, 2 or 3 years, depending on the lender.
Deal Direct’s advisors have many years’ experience in building relationships with lenders who offer contractor mortgages. We know the market inside out and can help you quickly and easily source the best mortgage option for you from a lender who offers competitive rates, as well as being flexible in their approach to underwriting.
If you are seeking a contractor mortgage for the first time, why not get expert help from Deal Direct?
To save time and effort in sourcing a competitively priced deal, call 0800 048 8828 today.
