Contractor mortgages: you might need less deposit than you think.

According to some market sources, if you are self-employed as a hairdresser, for example, or a waiter, it could be over 100 years before you've saved enough to afford a deposit for a contractor mortgage.  

This kind of information, if taken seriously, can lead people to believe that affording a mortgage and owning their own property is never going to be an option for them – even more so if you work for yourself.  

However, in our experience, here at Deal Direct, this is simply not the case.  

There are so many lenders throughout the UK today who are sympathetic to the requirements of contractors and have a range of products available, including those with high loan to value amounts, such as 95%, for example.  

The wide-range of contractor mortgages has been designed by lenders to be as flexible as possible in an effort to accommodate your specific needs. This is reflected in the availability of high LTV mortgages.   

Rather than taking your cue from what has been reported in the media, your best course of action would be to consult with one of our expert mortgage advisors here at Deal Direct.  

We can offer to review your financial circumstances and advise you on the differences in loan criteria each lender uses. As a result, you will be in a position to make a decision about which contractor mortgage suits your purposes best and which lender to apply to.  

We offer a personalised service with a dedicated adviser from the moment you make an enquiry with us. We're here to help you every step of the way with your application to increase the likelihood of its acceptance.  

For contractor mortgage advice about deposits and low-rates, look no further than Deal Direct.  

Call us now on 0800 048 8828.