Quick search your contractor mortgage options with Deal Direct.
Quick search lenders who offer the best contractor mortgage options with the help of Deal Direct.
What should you be aware of when searching for a contractor mortgage?
Seek out specialist lenders. Some high street lenders offer home loans for contractors, but not all of them have processes that are geared towards those who work for themselves.
After making an enquiry, you could find their initial response is receptive. However, when it comes to assessing affordability, lenders assume you are a director or an employee of an umbrella company. Both situations may not truly reflect your income and your application could be rejected as a result. The difficulty here is that once you’ve been rejected by one lender, your credit score can be adversely affected and securing a loan elsewhere can be nearly impossible.
How do you avoid this pitfall?
The answer would be to consult only with expert contract mortgage broker, Deal Direct, to find a suitable lender and product first time.
Keep your credit score healthy.
Keeping your credit score in good shape is key to obtaining a competitively priced contractor mortgage. Most lenders evaluate your liabilities differently. To find one to work with that is receptive towards your score and particular circumstances is easy when you consult with Deal Direct. Because we have strong relationships with specialist lenders, we already know who you would be a good match for. We won’t waste your time recommending products that ‘might’ be a fit. We work hard on your behalf and only act in your best interests.
If you want to search your contractor mortgage options quickly, contact Deal Direct.