Contractor mortgage search made easy with Deal Direct.

Searching for a contractor mortgage can be tricky, even if you’ve had a mortgage before.

The criteria lender's use for their underwriting process can be demanding and confusing. Mistakes, therefore, are commonplace, which cause delays and a level of stress that can be avoided. Fortunately, Deal Direct’s skilled advisors are on hand to help guide you through what can otherwise be very choppy waters.  


Why does obtaining a contractor mortgage come with an added level of difficulty?

The reason is related to perceived risk.

The nature of contract work means that it’s not always steady, which can lead to gaps between one contract ending and another beginning. If this has happened to you, it doesn’t necessarily represent a problem but you have to know which lender to approach.

Knowing which lenders to apply to is true even if you can demonstrate continuity with your contracts. Not all lenders offer mortgages to people who work for themselves, preferring to limit their business to employed customers who conform to a certain profile. Misdirecting an enquiry to a bank or building society who is not open to working with you could jeopardise your application.

Seeking expert advice first is always preferable if you want to:

  • Minimise the risk of mistakes
  • Reduce the likelihood of unforeseen obstacles and delays
  • Increase the likelihood of being accepted by the right lender, first time

If you want to simplify the process of researching the market and finding a contractor mortgage that is suited to your circumstances and meets your borrowing priorities, consult with Deal Direct.

Speak to one of our mortgage experts today on

0800 048 8828.

start mortgage search

Article published: Wednesday, November 21, 2018
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