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Supporting contractors on their property journey

We understand that not having a permanent income may seem difficult when getting a mortgage. However here at The Protection Parent we have helped many contractors get the mortgage they want.

There are no specific mortgage products for contractors, you can access the same mortgage products on the market that everyone else can. There is however specific lenders out there who are more understanding to your position as a contractor and through the help of our mortgage advisor at The Protection Parent we are able to approach these lenders and support you with a seamless, stress free process to get you on the property ladder whether you’re a first time buyer, home mover or just looking to remortgage. We will help you find the best rates available for your individual circumstances. 

The type of contract that you are working under will be a big factor in how your application will be assessed. Most lenders will ask for a decent sized deposit when you apply for a contractor mortgage, usually at least 10%.  Normally you will also need 1-2 years of account history, however it still could be possible for you to qualify for a mortgage even if you don’t have that. To help you get approved, we can also advise you on what you should be doing such as ensuring your contact is up to date or not having long breaks between contracts.

Your Home (or property) may be repossessed if you do not keep up repayments on your mortgage or any other debts secured on it.

Supporting your property journey

At The Protection Parent we will look at your contractor income to date, the type of contracting work you are currently doing and any future contracts that you have secured. Based on this information we can work out the best way to get the mortgage you need.

So if you are looking for professional advice about contractor mortgages, contact our mortgage advisor at The Protection Parent now.

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You can use the form below to make an enquiry and a member of our team will come back to you, if it’s urgent why not give us a call on 07562 331345.

Speaking to a member of our team allows us to understand your individual requirements and allows us to give you the most accurate information for what you’re looking for.

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