Contactors can get their dream home too!

Contactors can get their dream home too!

With flexible working becoming increasingly important for individuals, more and more people are choosing to become self-employed or contract workers. Rather than work the traditional 9-5 for a big corporate business, people are opting for more control over their free time and a better work-life balance. But with this greater flexibility, comes additional concerns for mortgage brokers…

Why is it harder to get a mortgage as a contractor?

As your income may be more unpredictable, obtaining a mortgage can be far more challenging than if you worked a traditional full-time job.

For example, if you’re a contract worker, you may not tick all the boxes when it comes to automated credit scoring, therefore you automatically fall short. With a reduced range of mortgage deals available to you, it can be hard not to give up on your dream home entirely. But that’s where we can help…

How we help contractors secure borrowing from mortgage lenders

Of course, affordability is crucial but this can be hard to prove if you work for yourself. Therefore, you will require more detailed information and evidence to prove your income and expenditure.

At Sapphire, we’re experienced in helping our contractor clients find a mortgage from our years of working with established mortgage brokers that understand the contracting world. By partnering with industry experts, we’re able to guide you through the process and recommend the most competitive mortgage to suit your needs.

Securing a mortgage with Sapphire

Our brokers have access to a wide range of mortgage products, including many which are not accessible directly from the lender. The advantage of taking out a mortgage through us is that we know which lenders are particularly good for contract workers so you don’t waste any time applying to lenders that won’t consider your circumstances. We’ll guide you through the transaction from start to completion, taking the stress out of the whole mortgage process.

To ensure your mortgage rates remain low, we regularly make sure your existing mortgage is still the most cost-effective and suitable one for you.

If you would like any further information or advice on getting a mortgage as a contractor, please get in touch on 01625 539 997 or email support@sapphireorg.co.uk to arrange a free, no-obligation consultation today.