Specialist mortgage and insurance advice for Contractors
Helping you to protect your income, secure your future and get the home you really want.
Whether it’s higher loans, lower rates or faster decisions, we have a track record of delivering results that save time, effort and money.
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Insurance and Mortgage Planning for Busy Contractors
You may structure your earnings in a certain way that means you are classed as higher risk by some lenders. You may have just started contracting, had a gap in between contracts or started using an Umbrella company due to IR35.
This can lead to lower loan amounts, higher rates or even being declined all together. This can leave you frustrated and at even risk of losing out on your dream home.
That’s where we come in.
Whether it’s trading period, track record or needing to borrow more, we have access to lenders from across the market and the specialist knowledge to get the mortgage you need.
Our bespoke approach is designed to help achieve higher loans, lower rates and faster decisions and ultimately get you the home you really want.
But we don’t stop there.
What would happen if you were unable to work due to long term sickness?
This is a huge risk for many Contractors so contingency planning is essential.
We have access to insurance companies from across the market as well as specialist providers to help you create a plan that makes you more financially resilient and able to cope with whatever life throws at you.
Resources For Contractors
What is Business Protection
What is Business Protection? According to the latest State of the Nation Report from Legal and General, a major challenge with Business Protection is that many people don’t really understand it. For example, many have heard of ‘Key Person Cover’, but don’t really know...
Introduction to Executive Income Protection
The latest L&G State of the Nation Report suggests that many Business Owners may not have heard of Executive Income Protection. Given the value it can offer to Small Businesses and Limited Company Owners, here’s a simple introduction to Executive Income Protection...
How do I protect my income as a Contractor?
Being unable to work poses a huge risk for a large number of Business Contractors. Having a contingency plan is therefore crucial to counter this risk and make you more financially resilient should the worst happen. Some Contractors believe that they cannot get...
How much can Contractors borrow on a mortgage?
The amount of mortgage made available can differ massively depending on both the individual circumstances and the lender involved. For instance, let's consider a scenario where you're a contractor earning a daily rate of £500. Over the past three years, you've...
How is income assessed if you’re a Contractor on a daily rate?
In terms of remuneration through a daily rate, some lenders incorporate this into their affordability calculations, deviating from the usual method of assessing income, such as payslips for the employed and accounts and tax returns for the self-employed. Typically,...
What documents does a Contractor need?
Typically, required documents include - Identification: Passport and driving license. Proof of address: Bank statement, credit card statement, or council tax bill. Personal bank statements: Usually the last three months' statements at a minimum. Business bank...
What is the minimum deposit required for a contractor mortgage?
Currently, the minimum deposit stipulated stands at five percent. However, opting for a 10% or 15% deposit unlocks broader options and potentially more favorable rates and fees. An important aspect to note is that with a five percent deposit, lenders typically impose...
Are there special mortgages for contractors?
While there aren't mortgages exclusively designated for contractors, certain lenders offer criteria that are particularly advantageous for this group. For instance, some lenders may assess your daily rate instead of solely considering salary, dividends, or profits...