Best Contractor Mortgage Deals

Accessing the best contract-based mortgage rates

Once upon a time, we used to publish a table of best contractor mortgage deals here. Since then, we've looked at different technology to reproduce similar results.

Now, on our parent website, we offer the UK's contractor-mortgage-only search engine. In late 2024, we'll have that same sourcing system here on Freelancer Financials.

Many more lenders have become 'contractor-friendly' in recent years. We've also moved with the trend of many contractors moving to umbrella companies post-off-payroll rules. We've even developed contractor mortgage lending criteria for CIS contractors.

If you've not searched for contractor mortgage deals recently, we'd encourage you to visit Mortgage Quest and try out our search engine. It covers all types of contractor, all types of mortgages.

As a 100% independent broker, we still have access to the most competitive mortgage deals. This includes exclusive and semi-exclusive rates, that you won't find on the High Street.

What are the new options for finding the most competitive contractor mortgage?

The disruption of the pandemic gave us an opportunity. During 2021, we've invested in a whole new back-end OS for our office. This enables all our brokers to access existing customer details and the most relevant mortgage products on the market for them.

As a new customer, we can provide you with the same "best buy" experience, once we've taken the relevant details. And that's important!

Moreso today than ever, lenders are moving away from a one-size-fits-all approach to mortgage lending. Instead, they're zeroing in on the attributes of individuals.

Our combination of experienced broker teams and deals at the end of our fingertips allows us to access the best deals on any given day. And, with the dynamic economic backdrop, these can vary from one day to the next.

How can I access the best contractor mortgage deals?

Once we have your details (and you give us permission), we will approach the best lender for your situation on your behalf. We can then often then arm you with a Decision in Principle the same day, or within 24 hours.

All offers we'll base on your contract rate alone, no matter if you're a Limited Co. or umbrella contractor. And neither does it matter what type of borrower you are:

First time buyer;
Home mover;
Remortgage;
Shared Ownership.

Nor does it matter the type of mortgage you're looking for:

Capital and Interest (Repayment);
Interest Only;
Offset;
Low Deposit (High LTV);
Government Affordable Housing Scheme;
Buy to Let (landlord).

Why should I use a broker when I can go direct?

Getting the right mortgage or remortgage deal can save you £100s each month. Indeed, it can save £1,000s (and potentially years) over the lifetime of your mortgage.

But finding a High Street lender who'll accurately appraise your contract income can be a nightmare.

Our trusted advisors are on hand to guide you through the basics, from enquiry to completion. If you've seen a home and need a mortgage that makes the most of your contract rate, give us a call. Alternatively, request a callback in the form provided. Thank you.

So, those are our best buy contractor mortgage rates. Seen something of interest? We hope so.

Your next step is to see what each lender needs to approve your mortgage application. Just so happens we've thought of that, too.

Below is a complete list of all the UK's contractor-friendly mortgage providers' lending criteria:

Once you've found a combination of:

an interest rate that suits your budget;
a LTV term that matches your deposit;
and a lender whose criteria fits your circumstances,

you're ready to take the final step and apply for your contractor mortgage. Request a call back at a convenient time and we'll get the ball rolling; job done.