Remortgage deals for contractors and free lancers.

If you are a contractor looking to remortgage call Deal Direct for advice. As April approaches transitional arrangements for remortgaging will come to an end, and this means for some it will get harder to get through the mortgage approval process. 

While many home-owners market-wide may have an issue passing new remortgage stress test and affordability rules, contractors may need a bit more help than most.

Unfortunately it’s still the case that not all lenders are up to date with employment market changes, and the fact that more people than ever have become self-employed or have taken the free-lancer or contractor route. This is why we at Deal Direct have forged relationships with specialist lenders who are prepared to advance contractor deals.

When switching mortgages, it’s vital that you get prepared in advance, ensuring you have all the paperwork you need and work out the best kind of deal for your needs. It’s best to start making a mortgage search about 3 months before your current deal is up.

If you are getting close to the end of your current mortgage term, call one of our specialist advisers on 0800 048 8828. We can advise you on how you can improve your chances of mortgage success, and can help you apply to lenders whose criteria we know you will fit.

If you are a contractor and want to avoid being stuck with your current lender, and moved onto their SVR at the end of your deal, speak to us today.

We are experts in sourcing contractors and freelancers new deals, and can help you remortgage to save money, consolidate debt, paydown your loan or release equity.

Note on debt consolidation:

This is not always the most suitable option, consolidating debts must be carefully considered. It will usually mean more interest over a longer repayment term. In addition, there may also be early repayment penalties on your current mortgage. You should therefore think carefully before securing other debts against your home.

There are other ways to manage debt such as free debt advice charities, you can find out more by contacting the Money Advice Service http://www.moneyadviceservice.org.uk/en/articles/where-to-go-to-get-free-debt-advice these services may be more suitable for you. 

Call 0800 048 8828 for advice and a home loan.