Need help securing an IT contractor mortgage?

While in the UK the number of contractors working is increasing in number, mortgage lending criteria is not evolving to keep pace with this change.

Many high street lenders are still failing to embrace business from contractors, and as a result many IT professionals are struggling to buy a home or remortgage.

If this describes your situation call us at Deal Direct on 0800 048 8828 to find out how we can help.

Following last year's Mortgage Market Review UK lending criteria tightened. As a result residential borrowers whose employment does not fit the ‘norm’ are struggling to be accepted for a mortgage.

Why do IT contractors struggle to be accepted?

Lenders tend to view contract workers as a higher risk than permanent employees. This we believe is an out dated view, because as an IT contractor your skill set often makes you less at risk.

How you may be paid is also a factor for lenders who prefer borrowers with standard circumstances, i.e. PAYE with a fixed monthly income.

For this reason we work with specialist mortgage lenders who understand your needs and fairly assess your circumstances.

How can you increase your chances of mortgage acceptance?

Our advice is to enlist the services of a mortgage expert who can source a deal with a specialist lender on your behalf.

By using a broker who works with specialist lenders as well as the high street, you can greatly increase your chances of mortgage success.

Why choose Deal Direct.

High street lenders are looking for straightforward applications and as a contractor your application is likely to be more complex, you therefore need more help to find yourself a mortgage to buy a home.

At Deal Direct we have experience finding mortgages for IT contract workers. We have strong relationships with lenders who use underwriters familiar with your working world.

• Our advice is impartial, independent and based on your needs.
• We have experience finding mortgages for contractors.
• We take all the hassle out of searching for a specialist lender.
• We can find you a lender who will take into account your total earnings.
• We can find you a lender who will individually assess your application on its merits.
• We can find you a lender who will offer you a competitive rate.

For a low rate mortgage tailored to your needs,

 call us today on 0800 048 8828.