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We'll help you find the best contractor mortgage. We understand lenders' criteria and will find the deals you qualify for from across the market. We are experts in securing the best mortgages for contractors in the market.
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Our contractor mortgage client always recieve expert advice and a seamlessfast and efficient service.
I had a great experience using Contractor Mortgages Direct. Used for my first property purchase. Great deals are available. Prompt response to all emails and calls. Professional services. Definitely recommend them without a doubt.
Very knowledgeable and super responsive team. They worked hard to find the right product for us and delivered a high ownership. They never left us alone and supported us beyond their responsibilities.
I cannot recommend Contractor Mortgages Direct enough. Their advice, process and commitment to getting us a mortgage has been first class. Everyone we have dealt with has been professional, knowledgeable and realistic, which has been extremely reassuring. Thank you so much
Amazing service provided by Naeem, at contractor mortgages direct. A high level of interpersonal skills and extremely professional, they found a good mortgage deal. Would highly recommend Mortgages Direct to everyone and anyone looking for a mortgage.
Absolutely fantastic service. Kate and Mohammed were really great, they helped me resolve issues on my credit file before getting me 2 fantastic mortgage products They have a really good relationship with most of the lenders which is really useful. Highly recommend for a bespoke and professional service.
Recommended Mo by a friend. He didn’t disappoint. Friendly and quick, because of his hard work was able to get a mortgage accepted within a week and the offer formalised by two weeks. Didn’t even charge commission! Highly recommended.
Mohammad is very knowledgeable and efficient. He guided us the best and we got a very good mortgage deal through him. He kept things moving fast and was always ready to answer questions. I am very happy to have used his service and highly recommend to anyone.
Great service, Mohammed was able to help when other brokers couldn't. He took time to understand my circumstances and was able get me mortgage offers . He is always prompt to respond back to queries. I would recommend them and would use them again.
Make Contractor Mortgages Direct as your first choice, we are true Contractor Mortgages Specialists when it comes to arranging your mortgage, Fee Free Advice!
Free Specialist advice from an expert mortgage broker.
Our experts will present your case to the right lender to ensure success first time.
We will not require your accounts, just your contract to get your application agreed
Let us help you reach your objective with honest, impartial, independent and to the point advice
Expand your available mortgage options with a Contractor Specialist Mortgage Broker.
Borrow up to 5x your annualised rate to max borrow, tailored advice to help you reach your objective.
Base rate rises The Bank of England finally raised the base rate in December, bringing it from 0.1% to 0.25%. The inflation rate is now 5.1% thanks to rising energy costs, which compares to the Bank’s target of 2%. Given that raising interest rates tends to curb inflation, you wouldn’t bet against at least a couple more rate rises in 2022. This means mortgages could become a little more expensive as the year goes on. How rapidly the base rate increases likely depends on Omicron – the more confidence is dented by the virus the more cautious the Bank will be about increasing the cost of borrowing for you and me.Read Story
Being experts in our field we have complied some of our most frequently asked questions around contractor mortgages.
The simple answer is No, you dоn’t. At Contractor Mortgages Direct, lenders have agreed to work with us to assess you based рurеlу on your daily соntrасt rate. Whісh mеаnѕ thаt уоu do not have tо рrоvе уоu hаvе bееn wоrkіng as a соntrасtоr fоr уеаrѕ, the lender definitely does not want to see your trading accounts, you do not even need 1 years figures, just the good old contract.
The application process dереndѕ on thе nature оf thе application. However, аn еѕtіmаtеd tіmе frаmе mау bе рrоvіdеd аѕ 7-10 working dауѕ.
Thе оnlу еlіgіbіlіtу fоr you securing a соntrасtоr mоrtgаgе іѕ that уоu ѕhоuld bе a соntrасtоr. It dоеѕn’t mаttеr іf уоu have been contracting for a long time or just started, in many cases we can help a contractor from day 1.
We can obtain a decision in principle for you, we can in most cases obtain this the same day, but may require 24 hours dependent upon our workload, we will tell you at the time with exact time scales.
The lender will typically like to see 4 weeks remaining on your contract, if shorter than this they would like to know if you have an extension or another contract to move onto, they will require evidence of this.
The average time to go from application to securing a formal mortgage offer is 2 weeks, in many cases it can be quicker. Your adviser at Contractor Mortgages Direct will be best placed to give you the timeframe at the beginning of your application.
The short answer is No the interest rate does not vary if you are a contractor, same great products as if you were employed as a full time employee, same terms and conditions, only difference is an experienced mortgage broker that specialises with contractor mortgages, and is very fluent in presenting this to the lender.
Because we specialise in contractor mortgages and 99% of our core business is placing contractors with lenders, we are well versed and experienced in ensuring that we get it right first time, ensuring that your credit rating is not affected by multiple applications.
We're open and ready to provide mortgage advice!