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Specialist contractor mortgage brokers in the UK.

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Mortgages for First Time Buyers

You don’t need to worry if you are a First Time Buyer and don’t know where to start. We are mortgage brokers that specialise in helping contractor secure a mortgage

Things can become a bit difficult for First Time Buyers if they don’t take specialist advice, considering the fact that contractors are deemed as high risk by many High street mortgage lenders, banks and financial institutions.

It is important for you to seek professional advice from a broker who has experience of dealing with contractor mortgage applications. You have to be careful with your mortgage application as you would not want any rejection, because it may affect your future mortgage applications.

There are quite a few things to take care of, getting surveys done, dealing with Solicitors and Estate Agents for starters. Many mortgage lenders don’t understand the unique ‘contractor mortgage’ lending requirement and things can become a bit messy, if that happens. This is why, you need a broker who is experienced and can make your application process, smooth and easy.

We work with award winning mortgage brokers who have helped thousands of contractors secure a mortgage. They have over 15 years of experience in the mortgage industry. We have helped many contractors buy their first home. We have a team of Financial Conduct Authority (FCA) regulated independent mortgage brokers.

We understand contractors trading style very well, be it a Limited Company or Personal Service Companies (PSCs) or Umbrella Companies; we’ve worked with all types.

We’ve unique and exclusive mortgage deals negotiated with our underwriters and on exclusive terms for a first time buyer. You don’t need to worry if you are new to contracting or if you don’t have 3 years’ accounts, and are looking to buy a new home, we can still help you with your mortgage application.

The good news is, we can help First Time Buyers with contractor mortgages of up to 5x time of the contract daily rate alone! We do contract based underwriting, which mean it uses annualised day or hourly rate, which enables you to borrow much more.

What You Can Expect:

  • 100% transparency and clarity on the mortgage application process
  • Borrow up to 5x of your annual contract income
  • Secure mortgages from contractor friendly mortgage lenders and competitive interest rates
  • Specialist 360 degree advice – starting from initial consultation to securing your mortgage offer and beyond
  • Dedicated team of mortgage advisors. Full support and guidance throughout the mortgage application process

What documents would you need as a First Time Buyer?

  • Signed contract
  • 3 Month Bank Statements
  • Up to Date CV
  • Proof of ID

Some additional documents may be required depending on your contracting status. Find out how much you can borrow and also check your mortgage eligibility.

Alternatively, feel free to drop us a line on enquiries@mycontractormortgages.com or request for a free call-back.

Contractor Friendly Mortgage Lenders

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE