Contractor Mortgages

Specialising in pairing people with their perfect mortgage

Finding The Best Contractor Mortgages

The number of self-employed people in the UK, is at its highest levels in 40 years, according to the Office for National Statistics.

The rapid growth of self-employment has been a pronounced feature of the UK labour market in recent years. The number of self-employed increased from 3.3 million people (12.0% of the labour force) in 2001 to 4.8 million (15.1% of the labour force) in 2017.

There’s no denying that the presence of self-employed contractors is being more and more felt and it comes as no surprise, as there are some great benefits that come with the career choice. Being a contractor provides you with more freedom, flexibility and independence, however, it can cause some problems if you are looking to buy a house.

This is because you might not have a regular income that pays the same amount every month, which can make a lender feel uncertain as to whether you will actually be able to afford your mortgage repayments. However, we are here to help provide you with contractor mortgages, regardless of how irregular your income is. There are always ways that you can persuade lenders to trust you.

Why You Might Struggle To Get Contractor Mortgages

The truth is, lenders find it difficult to assess people that are self-employed or are company owners. This is because contractors cover many different industries and provide a whole variety of services, and with that comes varying levels of income. Also a contractor, you may find that your income increases and decreases depending on the month, even though you know that you will be able to afford monthly repayments, lenders don’t see things in the same way.

You may find it difficult to obtain contractors mortgages if you haven’t been in business long, as the lender may feel that you are not well-enough established to expect a regular income in the long term.

However, we don’t believe this outlook is very fair. We believe that everyone should be entitled to owning their dream home. So despite some of the theories that some lenders have on contractors and self-employed, we want to stress that there are lenders out that there will provide contractor mortgages for you and we can find them.

Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!
L Fowler
L Fowler
Matthew and his team have gone above and beyond to help us with our mortgage. As first time buyers we decided to seek advice from a mortgage advisor. After having an offer accepted on a house we needed some support with the mortgage fairly quickly and Matthew managed to fit us in out of usual hours to suit us. We had a very detailed call with him and all our questions were answered. From this point onwards Kirsti managed our application and the whole process was fast and effortless as they managed everything. We made the best decision using Regal finance. If you choose to go with Regal you’ll be in good hands.
Jamie Wells
Jamie Wells
I can’t recommend regal finance group enough. Kirsti and Matthew have been amazing. They are so quick to respond and the advice they give has been so helpful. Don’t hesitate to get in contact if you need a mortgage. Thanks Jamie and Lauren
Sam Powell
Sam Powell
Excellent service and company
Erion Andoni
Erion Andoni
I recently had the pleasure of working with Rick to secure a mortgage for my new home and a buy-to-let mortgage for my existing property. Rick's assistance was truly invaluable throughout the entire process. Rick effortlessly guided me through both processes, making sure every detail was covered. His commitment to assist and his availability and willingness to answer my questions, no matter how small was exemplary. Rick's expertise in mortgages was impressive. He made a complex process seem straightforward. I wholeheartedly recommend Rick as a mortgage broker. He is not only skilled but also genuinely cares about his clients' success.
I did my due dilligence looking at various brokers and was pleased to have received excellent help and direction from the Regal Finance Group. From the lead advisor to the administration team we were kept updated and communication was steady. Our situation was not an easy one for the team but they persevered and assisted us well.
Peter Nelson
Peter Nelson
We've had a great experience with Regal Finance Group both getting our mortgage initially and now re-mortgaging a few years later. Particulalry during the current turbulent market we really appreciated how calm they made us feel by presenting our options clearly and answering all of our questions. We'd highly recommend them, they have really taken the stress out of mortages!
samantha sothcott
samantha sothcott
Matthew and Kirsti at Regal Finance have been absolutely brilliant through a difficult remortgage. Always available to talk through anything and explain processes when needed. I would definitely recommend their services and thank them for their guidance.
amy evans
amy evans
Kirsti and Matt were super helpful and always at the end of the phone to explain everything in detail to me. They saved us a lot of money and had great contacts to use and everyone worked together really well to get it over the line in time. Would highly recommend
izzy P
izzy P
Can not recommend enough! Matthew and his team gave me the most amazing support throughout my process. Buying a property for the first time can be daunting and Matthew gave me fantastic advice and talked me through everything in as much detail as I needed.


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    Contractor Mortgages Are Within Your Grasp

    With the perception that some lenders have on contractor mortgages, you may feel like it’s impossible to get a mortgage. However, this is far from the truth. In a lot of cases, contractors have access to the same wide range of mortgage options and competitive rates as salaried employees when they use specialist brokers, like us that who specialise in advising contractors on the best kind of mortgage for them.

    We Can Help Provide Contractor Mortgages

    Unlike standard mortgage lenders, we understand that contractors represent a distinct and growing part of the UK’s workforce, and we want to make it as easy as possible for you to possess your own property with contractor mortgages.

    You’ll be surprised at how many mortgages lenders are willing to help you even if your income jumps around. You might even find that with our help, you can be offered a higher loan than permanent employees would get. Regardless of what kind of contractor you are, we can help provide you with the most suitable contractor mortgages for your needs. We can also help provide: I.T contractor mortgages and self-employed mortgages too.

    How We Can Help

    If you’ve been declined for a mortgage by a lender, don’t lose heart. Contractors tend to fall outside of many lenders’ criteria, so it’s possible that’s why your mortgage application may get turned down. However, if that happens or it has happened in the past, do not despair, we are here to help you.

    We help provide exclusive contractor mortgages tailored to contractors, so we help ensure that you don’t miss out on a life-changing event in your life. So if you’re a contractor or freelancer, it can be invaluable just picking up the phone and having a chat with us.

    Then, one of our helpful team members can help find you a lender that accepts mortgages from people in the same boat and help navigate you through the application process.

    Believe it or not, contractors can access the same rates in the market as everyone else. Rates are dependant on factors such as deposit size, income, the period of borrowing, type of mortgage and whether you are a first-time buyer. Contractor mortgages made easy.

    We can help you access the best deals and advise you on the most competitive mortgage interest rates to cut through the noise for you. We can also provide professional help to get you the best deal as a first-time buyer, if you are remortgaging your existing property, investing in buy-to-let property, or using the Government Help to Buy scheme.

    Get A Mortgage With Regal in 3 Easy Steps


    Step 1

    Complete an enquiry form and an advisor will call you back.


    Step 2

    Send us the documents we need.


    Step 3

    Receive a Decision in Principle from one of our lending panel.

    Got A Question? Get In Touch