Contractor Mortgages

For contractors, getting a mortgage at a reasonable rate can be hard work. For many years, it’s been a frustrating and time-consuming process. With our Contractor Specialists available to help you, their knowledge and experience will help you get a mortgage whether is be based on your day rate, self-assessments or limited company accounts. We have lots of experience in this area, and have helped a number of contractors, self-employed workers and other kinds of freelancers to secure a mortgage on a property. So if you have been struggling with your mortgage search so far, allow us to help you find the best contractor mortgage for you.

What is A Contractor Mortgage?

Getting approved for a mortgage can be something of a struggle at the best of times, but if you are a contractor or freelancer it can be even more difficult. If your income isn’t regular or varies greatly from month to month, some mortgages may be out of your reach. Fortunately though, there are a number of contractor mortgages that could allow you to finally purchase your own home. A contractor mortgage allows you to borrow money based purely on your contract rate. The lenders that offer these kinds of mortgages are used to working with contractors and freelancers, and will assess your case fairly. If you have a good credit history and are considered ‘low risk’ there’s no reason why you can’t borrow as much as a salaried employee.

The key to finding one of these mortgages is knowing where to look – and we have the skill and expertise to do that for you. 

How Do You Find The Best Contractor Mortgage?

Here at Vistaara Financial Solutions, we are passionate about helping people onto the property ladder, regardless of what line of work they are in. We’ll provide you with professional advice about the current market, so you can make the choice that’s right for you. We’ll get the process started by really getting to know you. We want to be sure that we’re doing the right thing for you at every turn, so we’ll make sure that we have all the information that we need about you, your current circumstances, your income, and what you are hoping to borrow for a home.

Do You Need Three Years of Accounts?

A lot of people assume that they need three years’ worth of accounts to have any chance of getting a mortgage. However, times have changed, and many lenders are now much more open-minded. Some will be prepared to offer you a mortgage based on figures from a shorter time period, or on confirmed recent contracts. If you don’t have three years of accounts under your belt, then you’ll really benefit from our help. Our knowledge of the market is unparalleled, and we’ll know exactly what lenders are willing to provide you with the money that you need to buy a home.

How Does Contractor Mortgage Broker Choose The Right Mortgage?

Once we have all the information that we need from you, we’ll be able to get to work right away. Your contractor mortgage broker will see what’s being offered right now, and they will weigh up the unique benefits and downsides of each mortgage in accordance with your exact needs. They’ll then return to you with their findings, preventing everything clearly and answering all of your questions. With this expert support, you will be able to finally secure a mortgage that doesn’t just work for you now, but years down the line too.

Get in Touch Today

If you want to find out more about us and the services that we offer contractors and freelancers, then please do get in touch with us today. We’d be delighted to help you realise your dream of owning a property, and we’ll be able to get the ball rolling right away. So what are you waiting for? Give us a call, and we’ll take things from there.