Where do you look for suitable contractor mortgage options? Start with Deal Direct.

In a market that can appear to be very confusing, where do you begin to look for suitable contractor mortgage options?

Making Deal Direct your first point of contact would be the wisest move.

We’ve been helping people who work for themselves for many years. During that time, we’ve seen the contractor mortgage market open up and offer proper home financing solutions to those that work in industries other than Oil & Gas, IT or Financial Services.

This means that, even if you haven’t qualified for a contractor mortgage before, you could qualify now, regardless of the sector you work in.

Nationwide Building Society is an example of a lender who welcomes applications from contractors from any industry. They also do not stipulate a minimum daily rate, which means that if your income is moderate, your application could still be considered.

Most lenders would reject your application if there are gaps between contracts that amount to more than six weeks in a 12 month period. However, Nationwide offer more flexibility in allowing up to 12 weeks and possibly even longer, depending on the amount of experience you have overall.

If your present contract is due to end within the next two months, most lenders would want to see where your new business is coming from or for an extension before considering approval. However, this is another area where Nationwide could be flexible. All depends on whether you’ve had other contracts renewed in the past, how long you’ve been working in this sector and what demand there is for the work you offer. 

Don’t give up your search for a contractor mortgage before you’ve started. Come to Deal Direct and let us match you with a lender who offers proper, flexible home finance solutions for hardworking people like you.

To chat with Deal Direct today, call us on 0800 048 8828.