In todays blog we will cover one of the most frequently asked questions at MyContractorBroker. “Which lenders offer contractor mortgages”
If you had have asked this question 10 years ago, it would have been a very brief response but today, most major High Street Lenders in the UK, including renowned institutions like Halifax, Barclays, NatWest, Nationwide, and many others, have established criteria specifically designed for contractor mortgages.
Our unique direct-to-underwriter process ensures that the ideal lender is selected to match your unique circumstances, allowing you to secure mortgage financing that truly aligns with your contractor status. We could spend all day detailing the various contractor policies, but it would make for a very boring read. Instead we have listed some of the key players in the market at present:
- Skipton Building Society – Known for their understanding of breaks in contracting history or handling multiple contracts with flexibility.
- Halifax – Pioneering contractor lending, Halifax offers exceptional flexibility, particularly for IT contractors.
- NatWest – Their standard contractor mortgage policy even accommodates contracts paid in foreign currency, provided you are subject to UK tax.
- Principality – Open to considering contractors from day one of their contracting career, offering an inclusive approach.
- Accord – While providing a robust contractor policy, Accord is notable for its generous affordability calculations.
To explore these lending options and determine the best fit for your individual circumstances, it’s crucial to engage with a specialist contractor mortgage broker. They will guide you through the available choices and help you secure the right mortgage solution.