Sourcing a contractor mortgage in 2017 if your income fluctuates.

Finding a contractor mortgage, when your professional circumstances change regularly, may have its own challenges. But not if you use expert mortgage broker, Deal Direct.

As a contractor, what if some months you don’t earn anything and others, you have more than you thought? Is a mortgage still possible?  

You may be surprised to learn that yes is the answer.

Flexible mortgages are available that allow for contractors to miss payments and/or make over payments, which could be very useful with a changeable income. These flexible mortgages are offered by niche lenders, who understand the nature of being in business for yourself. Their underwriters are aware of the challenges you face and take a much broader view of your finances, than other mainstream lenders.

This is because they consider the bigger picture when assessing risk and approve loans on a case by case basis. Finding a lender who is prepared to be more flexible is preferable, compared to a lender with a more rigid attitude. Some lenders could take your application at face value and decline it, without properly assessing your circumstances.  

As a leading UK mortgage broker, Deal Direct has more than 10 years’ experience in sourcing these mortgages. We offer a start to finish service, finding you the right mortgage with a flexible lender, and guiding you through every step of the application. Some of these mortgages are only available through broker channels, which is good news for you as this increases the probability of finding one ideally suited to your requirements at an attractive rate.

To discuss all your contractor mortgage options, contact Deal Direct.

For impartial advice or a no-obligation quote, call 0800 048 8828 now.