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Buy To Let Mortgages For Contractors - Call 0117 403 4474

What is your mortgage for?

 
Details sort by initial rateLenderInitial rate Rate type Overall cost for comparison Product fee Monthly cost Enquire
Initial rate: 3.79%
Rate type: 2 year fixed
Monthly cost: £1161.7 per month
Product fee: £6,750
Overall cost for comparison: 8.5% APRC
The Mortgage Works logo 3.79% 2 year fixed 8.5% APRC £6,750 £1161.7 per month get quotes Broker Only Deal
Initial rate: 4.14%
Rate type: 5 year fixed
Monthly cost: £1205.09 per month
Product fee: £6,750
Overall cost for comparison: 7.7% APRC
Birmingham Midshires 4.14% 5 year fixed 7.7% APRC £6,750 £1205.09 per month get quotes Broker Only Deal
Initial rate: 4.14%
Rate type: 5 year fixed
Monthly cost: £1205.09 per month
Product fee: £6,750
Overall cost for comparison: 7.4% APRC
The Mortgage Works logo 4.14% 5 year fixed 7.4% APRC £6,750 £1205.09 per month get quotes Broker Only Deal
Initial rate: 4.17%
Rate type: 2 year fixed
Monthly cost: £1208.85 per month
Product fee: £6,750
Overall cost for comparison: 9.1% APRC
Virgin Money logo 4.17% 2 year fixed 9.1% APRC £6,750 £1208.85 per month get quotes Broker Only Deal
Initial rate: 4.19%
Rate type: 1 year fixed
Monthly cost: £1211.36 per month
Product fee: £4,500
Overall cost for comparison: 9% APRC
The Mortgage Works logo 4.19% 1 year fixed 9% APRC £4,500 £1211.36 per month get quotes Broker Only Deal
Initial rate: 4.19%
Rate type: 5 year fixed
Monthly cost: £1211.36 per month
Product fee: £6,750
Overall cost for comparison: 7.7% APRC
Birmingham Midshires 4.19% 5 year fixed 7.7% APRC £6,750 £1211.36 per month get quotes Broker Only Deal
Initial rate: 4.19%
Rate type: 2 year fixed
Monthly cost: £1211.36 per month
Product fee: £6,750
Overall cost for comparison: 9% APRC
Birmingham Midshires 4.19% 2 year fixed 9% APRC £6,750 £1211.36 per month get quotes Broker Only Deal
Initial rate: 4.19%
Rate type: 2 year fixed
Monthly cost: £1211.36 per month
Product fee: £11,250
Overall cost for comparison: 9.1% APRC
Metro Bank logo 4.19% 2 year fixed 9.1% APRC £11,250 £1211.36 per month get quotes Broker Only Deal
Initial rate: 4.22%
Rate type: 5 year fixed
Monthly cost: £1215.13 per month
Product fee: £6,750
Overall cost for comparison: 7.7% APRC
Virgin Money logo 4.22% 5 year fixed 7.7% APRC £6,750 £1215.13 per month get quotes Broker Only Deal
Initial rate: 4.24%
Rate type: 2 year fixed
Monthly cost: £1217.65 per month
Product fee: £6,750
Overall cost for comparison: 9.1% APRC
Birmingham Midshires 4.24% 2 year fixed 9.1% APRC £6,750 £1217.65 per month get quotes Broker Only Deal
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Representative Example:

A repayment mortgage of £120,000 payable over 28 years and 1 month initially on a fixed rate for 2 years at 1.99% and then on the lender current variable rate of 3.69% (variable) for the remaining 26 years and 1 month would require 24 monthly payments of £465.20 and 312 monthly payments of £565.39 and one final payment of £565.19.

 

The total amount payable would be £189,357.67 made up of the loan amount plus interest (£68,161.67), booking fee (£999), completion fee (£30) and valuation fee (£197).

 

In this example the overall cost for comparison is 3.7% APRC representative.

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT

Buy to Let Mortgages for Contractors

Buy to Let mortgages for contractors

If you’re a contractor looking for additional income, you might have looked towards buy to let investment as the answer. However, you might have noticed that it is not uncommon for contractors to be turned away by lenders. This may be due to the lenders' criteria being too rigid for the contractors' requirements. 

Luckily there are still a number of lenders who do not see the nature of contractors' work as a barrier towards obtaining finance.

Whilst the high street is often not a welcoming place for contractors when it comes to obtaining a buy to let mortgage, there are still a number of specialist buy to let contractor mortgages that are available.There are a number of key differences when it comes to buy to let mortgages in comparison to residential mortgages that as a contractor should be taken into consideration.

Buy to let mortgages are not governed by the FCA and as a result have a different set of criteria. In order to better understand this, we advise contractors to contact a buy to let mortgage broker or an independent financial specialist, that’s where we come in.

Our Services

Our team of specialist buy to let mortgage advisers are experienced in helping contractors meet their buy to let mortgage needs. Whilst we recognise that the high street does not offer that many mortgage opportunities for contractors, we work with a variety of lenders who offer special buy to let mortgage packages designed for contractors.

We also have access to a range of exclusive buy to let mortgage deals that you will not find on the high street.Our team can help you through all aspects of the application process, and ensure you make the best decisions for your buy to let future.

If you believe you’d benefit from the assistance of our buy to let mortgage team, call us or fill in our online contact request form and receive a free initial consultation with one of our buy to let mortgage experts.

 Buy To Let Mortgage For Contractors

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBTS SECURED ON IT.

Fair Mortgages Limited is an appointed representative of Fair Investment Company Ltd which is authorised and regulated by the Financial Conduct Authority.