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.

Dan Churchouse
Dan Churchouse
We used Regal for our recently completed house purchase. The mortgage was a relatively complex arrangement given it consisted of two parts (a result of porting over the terms of an existing mortgage and adding additional debt on new terms) but Matthew Graves and Kirsti Newman were very clear in their articulation, making it easily digestible and allowing me to factor into monthly affordability. They were also speedy in their responses and clearly not biased to any one provider. I feel safe in the knowledge that I ended up with the best deal available and would highly recommend their services.
Taylor Joanne
Taylor Joanne
Excellent and professional service. Everything was handled and dealt with quickly.
Sue Vecchione
Sue Vecchione
Well worth the fee. Mortgage sorted in less than 48 hours. Fantastic service with great communication. Much recommended 😀
Harry Jackson
Harry Jackson
Matthew, Kirsti and Katie were all really helpful. Made sure that, as first time buyers, we understood everything that was going on and were always there to help if we needed them to. 100% would recommend you use them!
Michael Clarke
Michael Clarke
Karen and Kirsti have been invaluable in helping us through the mortgage application process for our first home. We would thoroughly recommend their services - it has saved us a lot of stress! Swift and considerate guidance and support throughout the process.
Ioana Tomut
Ioana Tomut
We have worked with Karen and are extremely happy with how she handled our account. This was the second time we have attempted to buy our first house and we have worked with another mortgage advisor before. While both were excellent in terms of service and communication, Karen's suggestions for solicitors and survey were significantly cheaper to what we were quoted last time. I greatly recommend them.
R Findlay
R Findlay
Thank you very much to Richard at Regal Finance for making our first home purchase run as smoothly as possible. Richard was available to provide us advice throughout the whole process and I would highly recommend using Richard at Regal Finance Group!
Sarah Carter
Sarah Carter
Absolutely brilliant! Alwasy go over and above and feel thoroughly looked after. Highly recommend.
Joe Alsford
Joe Alsford
I can not speak highly enough of the service I received from Richard Powers at Regal. Gave excellent clear advice, continually negotiating the best deal available. Went above and beyond, fantastic to have in your corner in what can be a stressful process!
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!


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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