Best Contractor Mortgage Deals

Accessing the best contract-based mortgage rates

Once upon a time when finance markets knew stability, we used to publish a table of best contractor mortgage deals here. Since COVID-19 and the subsequent lockdowns, the global economy has been anything but stable.

Today, seemingly innocuous (and/or global) events can impact mortgage interest rates without notice. Lenders' varied reactions to these events render our tables out-of-date within days or even hours of updating them.

In addition, many more lenders have become 'contractor-friendly' in recent years. It's become impossible to give a fair representation of lenders we deal with without producing a scrolling experience akin to wading through the Naughty and Nice List.

As such, we've temporarily suspended our best buy table. This is to ensure no one is disappointed by a deal that's been withdrawn without our prior knowledge.

But, 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.