Contractor Mortgages

Contractor Mortgages

Working on a contract basis can take many forms, and for this reason a lot of lenders will turn your application away as it does not fit their conventional tick box lending criteria, we may be able to help!

Day Rate Contractor

Are you paid a day rate and pay your tax via a Limited company? We may be able to help!  Most lenders in this situation will work from your salary and dividends paid through your Limited company. We can look at lenders that will work purely from your day rate, provided you have previous day rate contracting experience.  This type of employment is common in the IT sector, however any profession can be considered.

Newly Qualified Doctor/Teacher

Many Doctors and Teachers are now placed on training/fixed term contracts and you may have been advised you need to wait 12 months before you can apply for a mortgage. Please talk to us first to see how we can assist, we love helping key workers!

Fixed Terms Contracts

Many employers are now using fixed term contracts as they do not have to commit to redundancy pay or commit to ongoing work. As a result of this lenders are cautious about their lending policy.  We may have lenders that can help, please contact us so we can obtain further details from you on your circumstances.

Professional Sports Person

This can be a very complex area for lenders normally due to an earlier retirement age (you don’t see many 60 year old footballers!), short term contracts, risk of injury ending your career and income may be made up of several elements.  We have lenders that will consider this employment type based on merit so please contact us for further information and to discuss your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.

Some Buy to Let Mortgage, conveyancing and surveys services are not regulated by the Financial Conduct Authority.