What contractor mortgage rate can you obtain?

A common misconception concerning contractor mortgages is related to the rate available.

Many people incorrectly assume that the rate charged for the mortgage will be higher just because a person works for themselves.

As a leading independent mortgage broker in the UK, and one that is regulated by the FCA, Deal Direct is committed to sourcing you the best mortgage possible. This means that we work with lenders who offer the most competitive rates for contractors, and who don’t penalise them because of their career choice.

When you come to Deal Direct and consult with one of our experts, we thoroughly research the market to determine which lenders to approach with your application. Whether you work full-time or on a seasonal/temporary basis, the rate you are offered will be the same as anyone else, as long as you fulfil all the lending criteria.

Fulfilling that criteria is something that our experts can also help you with. We will guide you through all the requirements, as these can vary from lender to lender. Allowing us to help you with your application means that we can present it in such a way as to appeal to underwriters and, therefore, increase the likelihood of approval.

If you work for yourself as a contractor or you are self-employed, contact Deal Direct for expert assistance in securing financing for your home.

Find a low rate contractor mortgage on 0800 048 8828.