Are 95% LTV rates easing for the contractor mortgage?

Signs in the mortgage market indicate that rates are reducing on products in the 95% LTV bracket, including contractor mortgage options.

A common assumption is that contractors represent a much riskier proposition for mortgage lenders. Consequently, those who work for themselves feel they are penalised with higher mortgage rates affecting their ability to borrow what they need affordably.


This may well have been true in the not so distant past, however, the contractor mortgage landscape is not quite as challenging as you’d imagine.

That said, not all lenders appreciate the needs of the contractor and you won’t be able to approach just anyone expecting they’ll approve your application. It is vital that you work with a lender who has your best interests in mind. Here at Deal Direct, we can help you with exactly that.

We work with specialist lenders from all over the UK who offer the same mortgage rate to you regardless of whether you are employed or a contractor. This includes lenders who welcome applications from borrowers with 5% deposits.

This means that if you are a first time buyer or you want to make your second move up the housing ladder, great deals are available to support your home-owning aspirations – if you know where to look!

Deal Direct has extensive experience in sourcing contractor mortgages from lenders who consider each applicant on their own merits. Don’t leave your search to chance and seek out the best advice by contacting Deal Direct today.

Call us on 0800 048 8828 or chat with us online.

start mortgage search

Article published: Tuesday, August 28, 2018
Best Mortgages


Cheapest Mortgage
Best Mortgages


Cheapest Mortgage

Our Products & Services:  ReMortgage | House Purchase | First Time Buyer | Buy to Let

Info:  Best Remortgage Deal | Direct Financial's Latest 2-5 Year Best Fixed Rate Mortgages | Mortgage | Remortgage | Remortgage Deals | Mortgages Explained | Best mortgage

About Us: About us | The Team | Careers with us | Partner with us | Lender Information | Directions
Privacy & Security:
Terms | Privacy

SiteWeavers Web Solutions Ltd