Is your current mortgage deal coming to an end? Or has your lender already offered you a new product? For many contractors, this is the point where costs creep up, and opportunities get missed. Remortgage deals for contractors let you take control before you’re moved onto a standard variable rate (SVR). SVRs are usually higher, and you could see a surge in your monthly payments. Review your options early to keep costs down and flexibility high. That money can be used for home improvements, buy-to-let investments, or other big expenses. It can also give you more financial flexibility, whether that’s funding a large purchase or simply having a cushion for the unexpected. When a deal ends, it’s tempting to stick with the follow-on product from your existing lender. It feels familiar and hassle-free. But that doesn’t always mean it’s competitive. When looking at remortgaging to a new lender, many non-specialist brokers will assess contractors using standard criteria that doesn’t reflect contract income properly. This can limit access to better rates or reduce how much can be released when you refinance mortgage arrangements. A contractor-focused approach assesses affordability using your contract rate rather than payslips, dividends, or historic accounts. This supports switching lenders as a contractor and accessing rates designed for contract workers. In many cases, the only income evidence required for our remortgage deals for contractors is your current contract, showing your daily or hourly rate. This keeps the process simple and means you aren’t stuck with unnecessary paperwork. Many lenders cover legal work as part of the remortgage process, reducing upfront costs. Remortgaging can help you: All of this helps you, the contractor, decide when refinancing is worth it, whether staying with their current lender or accessing remortgage deals for freelancers through contractor-friendly lenders.
Remortgage Deals for Contractors
Remortgaging can also unlock equity from your property.
Interested in refinance mortgage options? See what you could borrow.
Why Some Contractors Miss Better Remortgage Options
Contract-Based Remortgaging
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A Simpler Way to Refinance
Save money by securing a new rate
Raise funds for home improvements
Consolidate existing debt
Offset savings to reduce interest
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