First Time Buyer
Ready to buy your first home? With the average age now 30 and mortgages tougher to obtain, we provide the vital information to make your journey smoother.
Remortgage
Want to access cash from your property? Whether it’s for renovation or investment, we offer custom advice to help you unlock your property’s potential effectively.
Self Employed Mortgage
Finding it hard to get a mortgage as a self-employed? It’s a challenge, but with our expert advice, we’ll help you find a mortgage that suits your situation.
Buy to Let
Achieving the best property and mortgage rates is key for investors. We understand your needs and goals, offering solutions that align with your budget.
Moving Home
Looking to move and need mortgage guidance? We specialise in creating mortgage solutions for your contractor payment setup, ensuring a seamless transition
Second Mortgage
Securing a second mortgage can be complex. Our team simplifies the process and helps you find the ideal mortgage solution, without the first-time buyer perks.
Mortgage Types
You might’ve heard folks say, “Getting a mortgage as a self-employed person is tough.” It might seem limiting, but it’s not! It’s about picking the right mortgage and showcasing your earnings properly—exactly what we specialize in.
Contractor Mortgage Broker Reviews
Feedback from Our Valued Clients
Mark
A fantastic service. From start to finish Nudim is by far the best mortgage advisor I have met. He is passionate in helping with your application and goes above and beyond to get you the best outcome. I felt comfortable knowing he is managing my mortgage application. Thank you, will be using you in the future. Best Mark
Raza Khan
Nudim is one the top upmarket mortgage broker I’ve come across in London, he deals with everything so smoothly and diligently so that his clients don’t need to be worried. From the beginning he will let you know if your case is doable or not, so no grey areas. A true gentleman indeed! Highly recommended to anyone.
Brian Tham
I have worked with Mortgage Knight for several years now, in various mortgage transactions. Nudim and his team are true experts, back by decades of experience, and a vast network of financial providers. The team is very approachable and service, both pre and post transaction is excellent!
Contractor Mortgages made easy
How Contractor Mortgages Can Be Effortlessly Secured
Contractor mortgages don’t have to be a struggle. We make the process simple by leveraging our deep understanding of lender requirements to find the best deals tailored to your unique situation. Trust our expertise to secure top-notch mortgages designed specifically for contractors.
High Street lenders often offer a limited range of options and may not fully appreciate diverse income structures. Unlike these narrow selections, our independent brokers provide access to a broad spectrum of mortgages and understand all types of income, ensuring you get the best deal without any constraints.
At Mortgage Knight, we specialise in providing expert mortgage guidance for a wide range of professionals, including traditional seekers, self-employed individuals, contractors, and locum professionals. Our deep experience allows us to navigate the unique challenges faced by day rate contractors and locum nurses, ensuring you receive personalised solutions that align with your specific needs.
Our commitment to transparent and trusted advice means we handle the complexities of mortgage applications, making the process as smooth and stress-free as possible. With access to over 12,000 mortgage options and a track record of over 20 years, we work tirelessly to find the best deal for you, backed by our FCA-regulated advice and numerous awards. Let us take the strain and provide you with peace of mind in your mortgage journey.
specialist mortgages for contractors
Mortgages for Contractors: Get the Right Mortgage with Expert Help
Access the Best Mortgage Rates with Ease
Exclusive mortgage rates and products are available only through brokers, and benefit from our comprehensive services designed to meet your needs.
Search 96+ Lenders & 12,000+ Rates
Effortlessly explore a wide range of options from over 96 lenders and 12,000+ mortgage rates, ensuring you find the best fit for your situation.
Maximise Your Borrowing Potential
Borrow up to 5.5 times your gross annual income with tailored mortgage solutions and expert guidance to maximise your borrowing power.
Simple Approval with Contract Value
Skip the need for detailed accounts; simply provide your contract to streamline the approval process.
Reach Your Goals
Benefit from our straightforward, unbiased advice tailored to help you meet your mortgage and financial objectives.
Free, No Obligation Advice
Get expert mortgage advice, rate comparisons, and mortgage-in-principle services at no cost, with no strings attached.
Ready to find your ideal mortgage? Contact us today for free, no-obligation advice and discover the best rates tailored just for you!
Contractor mortgages FAQ’s
1. Do I need a permanent job to qualify for a contractor mortgage?
No, a permanent job isn’t necessary. Contractor mortgages are designed specifically for individuals with contract work, allowing us to evaluate your application based on your contract rate and not your employment status.
2. How do lenders assess my income as a contractor?
Lenders assess your income based on your daily or hourly contract rate and the length of your current contract. They may also consider your recent earnings and future contract prospects
3. What documentation do I need to provide for a contractor mortgage?
Typically, you’ll need to provide your current contract, recent bank statements, and proof of earnings. Additional documents might be requested depending on the lender’s requirements.
4. Can I get a mortgage if my contract is short-term?
Yes, even if your contract is short-term, as long as you can demonstrate a history of securing contracts or have a new one lined up, you can still be eligible for a mortgage.
5. How does my credit score impact my contractor mortgage application?
Your credit score plays a role in determining your mortgage rate and approval. A higher credit score can help you secure better terms, but even with a lower score, we can assist in finding suitable options.
6. Are there any specific mortgage products for contractors?
Yes, there are mortgage products specifically designed for contractors. These products cater to the unique financial situations of contractors and are often more flexible than traditional mortgages.
7. Can I get a mortgage if I’ve just started contracting?
Absolutely. Whether you’re new to contracting or have been in the field for years, we can help you secure a mortgage. Your contract and earnings will be the primary factors in the application process.
8. How long does the mortgage application process take?
The mortgage application process can range from 1 day to 2 weeks. This timeframe depends on the lender’s service timelines and how efficiently we present your application to them
9. Will a contractor mortgage affect my tax situation?
No, your mortgage arrangement will not affect your tax situation. However, it’s important to consult with a tax advisor to understand how your mortgage might impact your overall financial planning.
10. Can I get a mortgage if I have multiple contracts?
Yes, having multiple contracts is not a problem. Lenders will assess your total income from all contracts to determine your mortgage eligibility, allowing for a comprehensive view of your financial situation.
