If you are a contractor in the UK, you’ll know that the road to getting a contractor mortgage isn’t easy, so we’re here to help by giving you all of the information and assistance that you require to get your mortgage up and running.
In the current economic climate, it is even more difficult to get a contractor mortgage, as mortgage lenders want to see all of your accounts which is no use if your accounts don’t mirror your true income. But if you have the right contacts like we do, your application is far more likely to be successful and we want your contractor mortgage to be processed just as much as you do. We know that buying a home is one of the most important things that you will ever do, so we want to make the process as quick and painful as possible for you and we want to ensure that you get the best interest rates possible to keep your monthly repayments to a minimum.
At The Contractor Mortgage Company, we will be there to complete the entire mortgage process for you to take the strain away, leaving you more time as we know that when you are working as a contractor time is money. We are able to offer you full contractor mortgage advice over the telephone and arrange your mortgage, and as we offer a ‘whole of market’ service we will search high and low to get you the best contractor mortgage deal possible.
All of our staff are highly trained and extremely knowledgeable in the contractor mortgages field so you are in safe hands with us. We know the lenders and so we are interested in not only getting you a competitive interest rate, but also finding a lender who will offer you the best income multiple based on your annual contractor rates. By using these rates, we can help you to avoid the obstacles that many UK contractors face when trying to get a contractor mortgage in the first few years of business. Our extensive knowledge and information relating to mortgages for contractors can also help you to fully understand the process and we are able to answer any questions that you may have, either through the information on our website or by speaking to us directly over the telephone.
It doesn’t matter whether this is your first step onto the property ladder to purchase your first home, looking to expand your property portfolio as an investment or remortgaging to move to a bigger property; we are there every step of the way to guide you through the process as we know that the contractor mortgage process can be complicated at the best of times.
Even if you do not have three years worth of accounts, you take dividend income to offset tax, you do not have all of the documents that are usually required such as P60 or accounts documents, or if you are on a contract that is due to expire in the near future we can still help you to get the contractor mortgage that you need to get that dream property.
Struggling to get to grips with mortgage related terms? Use our quick-reference guide to help you.