ONE LITTLE FORM
How To Secure Your Next Mortgage
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SIT BACK AND RELAX
Contractor Chris was setup with one goal in mind, and that was to help more employed and Self-employed business owners obtain a mortgage based on their true financial status and affordability. The brokers Chris deals with have relationships direct with the lenders.
"You see, people often face difficulty when applying for mortgages, and having had first hand experience of this, I wanted to help other people just like you get the mortgage you deserve!
I was 6 weeks into an approval in principal with a major high street lender, who then downplayed my affordability, offering me £100k less than I needed to purchase my new home. I nearly lost the house, 2 weeks before completion was due!
I was saved by a mortgage broker who already had relationships with the lenders, catering specifically for people like me and you. They immediately had me approved for £200k more than I needed. Wow! I purchased my dream home, and the rest is history."
Contractorchris.co.uk is place where Contractors, Freelancers, Consultants and the Self-employed can get quotes from brokers that are regulated and authorised by the Financial Conduct Authority.
This website provides an introduction with a mortgage broker. As such, we are not required to be regulated or authorised by the Financial Conduct Authority in the United Kingdom.
Nothing on this website constitutes financial advice. This website provides information only, and the choice of product is for you alone to choose. We process the information you provide us and we may pass this onto our trusted third party lenders and brokers. All credit is subject to you being a UK resident, aged 18 or over and subject to your personal circumstances. All lenders operate responsible lending policies and as such credit is subject to status and affordability.
THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. IF YOU ARE THINKING OF CONSOLIDATING EXISTING BORROWING YOU SHOULD BE AWARE THAT YOU MAY BE EXTENDING THE TERMS OF THE DEBT AND INCREASING THE TOTAL AMOUNT YOU REPAY.
Rates from 1.19% APRC to 16.5% APRC are available - the highest rate is for customers with severe credit problems. Mortgage duration range between 1-32 years depending on your circumstances.
Contractor Chris is a trading style of Internet Know How Ltd, registered in England and Wales, company number 8164394. Registered Office: 28-30 Grange Road West, Wirral, CH41 4DA . Data Protection Register number: ZA767006
Copyright 2020 © Contractorchris.co.uk All Rights Reserved.
Who Is Chris?
Speak with one of my trusted partners, a mortgage specialist who will tell you how much you can borrow.
Frequently Asked Questions
What is a contractor mortgage?
It's like any other mortgage in it's purpose, but the process lenders go through to assess affordability is completely different when compared to someone who is employed. This means you are assessed based on true affordability, which means you have a greater chance of securing the mortgage you require.
Will I pay a higher rate?
There's no reason why one of my specialist partners would charge you a higher rate, just because you are self employed. It used to be this way, but now the brokers work closely with lenders who offer fair pricing, which is comparable to what you pay going direct to your local bank. The brokers actually deal directly with the banks on your behalf!
How is my application assessed?
This varies depending on whether you are a Contractor, Freelancer, Consultant or Small Business. Generally speaking though, you will be assessed on either salary plus dividends, your daily rate, or PAYE income if you contract via an umbrella agency.
Why not just go direct to my local bank?
When going direct, underwriters assess solely on accounts, or money drawn down from your business, which is then averaged out to give an affordability rating. This means the borrowing amount offer is significantly less than you can actually afford. I have had first hand experience of this on multiple occasions now, which is why I always use one of my trusted brokers. Also, if you do not have accounts, going direct is not possible as the bank would need documentation to review. Trust me on this...it's not worth the hassle.
As a Contractor myself, I have established connections with specialists who can help you out.
My broker never lets me down, and it’s why I use them every time I need a mortgage. I now partner with the best brokers out there, so rest assured I can help you get connected. The best thing is, my service is 100% Free!
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