Has your contractor mortgage rate now moved to your lenders SVR?

If your current contractor mortgage rate has now moved on to your lender’s SVR, you could be paying much more than you need to and missing out on a cheaper deal.

The self-employed are forced to be wily when it comes to sourcing contractor mortgages, as they know better than anyone, how much every penny counts. That is why the wise freelancer/contractor comes to Deal Direct to help them source an uber-low-rate deal that saves them as much as possible.

That said, market analysts estimate that over a third of all homeowners are sat on their lender’s standard variable rate, opting to stay put and pay more rather than investigate how to manage their mortgage effectively. As inflation means that food and energy prices are on the rise, many are finding themselves economising sharply and/or dipping into their savings to meet the monthly repayments. 

If you are one of these people and a contractor, what should you do if your introductory rate has ended and you are now having to find the cash to pay a much higher SVR?

Your first port of call should be to independent mortgage broker, Deal Direct.

Deal Direct have been procuring mortgages for contractors for more than a decade. If you are struggling to make your repayments, our team of experts may be able to find you a much more economical deal that meets your borrowing needs.

Don’t waste time and money by sitting on the wrong deal. Seek our expert advice and you could potentially save a large amount of your hard-earned cash.

Manage your contractor mortgage with Deal Direct. Call an adviser now on 0800 048 8828.