Deciding to take a step on the property ladder can be a very daunting thought. Add this to the fact that you are a contractor and the whole experience is likely to be more stressful than it should be.


Unfortunately due to strict lending criteria and a misunderstanding of payment structures, securing a contractor mortgage can at times feel almost impossible.  But it does not have to be like this.

Here at Mortgages 4.Contractors our contractor mortgage specialist can ensure that the first time you step up on the property ladder it is an exciting time.  Our specialists understand your requirements and in return will give you clear and straightforward advice along with competitive mortgages for contractors. We’re here to help you understand the whole house buying process and ensure you understand everything you need to before you put the keys in the front door.

How much can you borrow?

Buying a home for many is the biggest financial commitment they will make.  Deposit values vary but the average deposit value is now 10%.  But it should be noted the lower the deposit value the higher the interest rate will be.  Once you have settled on a deposit value you can use a range of calculators to identify how much the lender will be willing to lend you based on your financial ingoings.  The calculators can also be used to calculate how much you will pay each month so you can see if you can comfortably make the repayments.

How to find a lender

We’ll approach the lenders first before making a full mortgage application.  The reasoning behind this is so the lender understands your situation.  Upon successful assessment you will be presented with an “agreement in principle” which is a strong indication your application will be successful.

As soon as you are happy to do so, you can proceed with a full application.


Find out how much you can borrow

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