Mortgages for Contract Workers

Mortgages for Contract Workers

Why Choose Us?

• Whole of market service - we work with most UK lenders
• We work with lenders who will provide lending based on your self employment as a contractor
• Access to leading market mortgage rates
• Access to exclusive loan deals not available on high street
• Fast turnaround - speak to us today if you need to move quickly
• We have lenders who will take into account previous defaults and missed payments 
• Looking to raise additional finance on top of your existing mortgage or buy to let mortgage? - we have access to a range of finance solutions

To investigate your mortgage options as a contractor call our mortgage team on 0117 403 4474 or fill in our call back form.

"The essence of the Fair Mortgages service is professional independent mortgage and protection advice brought to you by a team of specialist advisers and experienced administration support. 

As your mortgage is such an important transaction, good advice is imperative.

Compare Mortgages for Contract Workers

If you have a job which requires you to work on a contract rather than as a permanent member of staff, you may find that getting a mortgage is more troublesome than it might be for individuals in with a more conventional job set-up.

As a contract worker, you may be viewed by potential mortgage lenders as not able to offer evidence of an income that’s certain every month.  However, with contract working becoming increasingly prevalent, many mortgage providers are beginning to ease their restrictions on lending to contract workers.

Getting a mortgage as a contract worker

When you apply for a mortgage deal as a contract worker the lender you approach will consider several factors, one of which is the nature of your work. There are many different types of contract work nowadays, including:

• Independently employed contractors with a long career history – if you can demonstrate at least one or two years’ worth of accounts and employment records, you may find that mortgage providers are more willing to lend to you on the terms you want.
• People who are new to contract work and may have a shorter career history  - if you are new to contract work and don’t have at least 12 months’ work history to show, don’t despair as some mortgage providers will lend to you despite this.
• Workers on a short term contract, fixed term contract or zero hours contract – If you have got a track record of at least one years’ income to your name in this kind of contract, you could find that it is possible for certain lenders to consider an application, providing that the income is sustainable and work is likely to continue to come in.
• Workers on contract with an umbrella company – if you have been working in this way for at least a year or have had your contract renewed, this will help suggest to potential mortgage lenders that you have a stable employment record
• Individuals in professional roles where contract work is common such as accountancy or engineering – being in a chartered or regulated profession may help your mortgage application as a contract worker.

To get more advice on how to get the best mortgage deals for contract workers, call us today on 0117 403 4474  to discuss your personal requirements or complete our callback request form.