Mortgage Solutions for Contract Workers

In recent years more and more people, from IT consultants to teachers, have been employed on short term contracts.  These could be anything from three months to three years in length, and may be renewable or not.  

Unfortunately many high street lenders see contractors as being self-employed regardless of the terms of their contract.  As a consequence a contractor or freelancer may find it more difficult to secure a mortgage.

High earning freelancers may be shunned by high street lenders because they are deemed too risky to take on. Big-name mortgage lenders can turn you down because you have not been contracting for a period of three years or more.

The good news is some lenders have woken up to the fact that contract workers are a perfectly safe lending risk. 

Getting the Best Deal

Some of the products suitable for contractors are often only available through an authorised intermediary such as a mortgage broker. Use the enquiry form on this website to contact an independent broker with expertise in assisting contractors and freelancers.  They have access to the whole mortgage market in the UK and can locate the best mortgage for contractors.

They'll have access to a number of schemes suited to contract workers.

Flexible

Your mortgage could be tailored to adapt to your changing circumstances. You could make overpayments or a pay lump sum when cash flow is good and make underpayments or take payment holidays when required.

FREE No Obligation Quote

Whether you're a first time buyer, or looking to move to your next property, an independent advisor will locate the best deals for you.

Simply complete our no obligation enquiry form and an expert mortgage advisor will get back to you with the best products currently available in the UK.
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT.