Contractor mortgages - working out what you can borrow.
The question most contractors want answered when searching for a mortgage is, based on my contract rate how much can I borrow?
Here it’s important not to bite off more than you can chew, by trying to get a mortgage that is bigger than you can afford to comfortably repay. In addition, by asking for more than you can really afford you face a greater chance of refusal.
While as a contractor you might know someone who has had difficulty getting themselves a deal, don’t be disheartened. Just because you know some on who has been refused, it doesn’t mean you will experience the same fate.
This is particularly true if you come to Deal Direct for a quote. We are experts in the contractor mortgage market. Over the years we have worked hard to develop relationships with specialist lenders. We have had a great deal of success getting mortgage approvals for our clients.
If you want to know how much you can afford to borrow, what rate you can expect to pay and how much your monthly repayments will be, call us at on 0800 048 8828.
We have dedicated advisers who work within the contractor sector, they are experts at what they do and pride themselves on achieving successful mortgage offers.
Regardless of how long you have been contracting, we can help you.
For advice and a quote call us on 0800 048 8828, and let us help you work out how much you can afford to borrow, and how much you can afford to repay each month. We will then search the market for a mortgage matched to your financial needs.
For contractor mortgage advice call today.
0800 048 8828.
