Which are the best contractor mortgage lenders?

Since the financial crisis, there is much complexity in the contractor mortgage market. Those looking for a mortgage to buy a home or remortgage an existing property, now face significant red tape and are required to jump through so many hoops. 

It is estimated that as many 1 in 7 people in the UK are self-employed or work on a contract basis. With so many people working in this way, it would seem that UK mortgage lending is lagging behind in their product offerings. Sadly, far too many high-street lenders still do not understand this sector, many take the attitude that workers of this type are high risk and take a blanket no approach.

When looking for a deal it is advisable to seek help. If you are a contractor we recommend that you seek out a lender that assesses applications on an individual basis. You need one with underwriters who understand contract work, who will look upon your application in a favourable light. From an online search it is not obvious who these lenders are.

Far too often lenders’ sites advertise contractor deals, but when contacted they advise they don’t have contractor products in their current range. Over the years we’ve weeded out those who don’t offer deals, so to save yourself wasted time trying to work out who does and doesn’t lend to contractors, call us on 0800 048 8828.

At Deal Direct we have dedicated ourselves to developing relationships with lenders who offer bespoke contractor mortgages. We have spent years building up these relationships and have become experts at successfully sourcing mortgage offer for our contractor clients.

We review your circumstances prior to contacting lenders who we know will be interested in your business. We only recommend mortgages that we know to be highly competitive with criteria that we know you will fit.

If you would like to find out what we can do for you, what rates you will be charged and how much your monthly repayments will be, call us at Deal Direct. 

Speak to a specialist contract mortgage adviser today on 0800 048 8828.