Contractor Buy To Let Mortgage
”I am looking to invest in a Buy to Let property”
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Buy To Let Mortgage For Contractors
Many contractors that we work with, use buy to let mortgages. This is mainly due to the fact that a significant number are becoming landlords to help establish a steady flow of income once they retire.
With the help of a specialist mortgage broker like Super Contractors, the process of setting up a Buy to Let Mortgage has never been easier. However, the same problems apply when you approach high street lenders by yourself. They still work of the PAYE model, which doesn’t work for tax-efficient contractors.
Whether it’s your first time as a contractor in the Buy to let world or you’re expanding your property portfolio – you need to check out your financial situation:
- How much you want to invest in a property
- How much extra money you have
- Whether your investment is short or long term
As a Super Contractor you need a sidekick who knows what you’re up against. That’s where we come in because we have the specialist knowledge you need to get a buy to let mortgage, including:
- Deposit size (often differs from a residential deposit)
- Your monthly mortgage payments
- Helping you to decide if your investment is financially viable
We are proud to have received excellent recognition for our expert contractor mortgage advice and service.
Lenders decide how much they are willing to offer someone, by analysing your earnings to ensure you will be able to pay back what you have borrowed. This becomes even more of an issue when you are self-employed, as accounts don’t tend to reflect your full income, which will obviously affect how much a lender is willing to offer you.
Here at Super Contractors we only deal with the most trusted lenders, to ensure you are dealing with professionals who understand how contractors work. Our expert consultants are able to secure fantastic rates that you wouldn’t be able to secure by getting in touch with a lender directly.
Since the Financial crisis of 2008 there have been specific lending guidelines put in place that don’t tend to favour contractors. However, Super Contractors aim to make the buy to let mortgage process quick and simple for all our clients.
When approaching the majority of high street lenders, contractors are going to find little success, as these lenders tend to be out of touch with how contractors work. They will have a list of rigid questions, that don’t take into account how contractors, freelancers or the self-employed manage their earnings. Not only can these be a waste of your time, but continued rejections, could lead to a negative credit history.
We have spent years, working hard to source a wide range of lenders to meet your needs. All of this for a low mortgage broker fee and a super quick turnaround.
Many reasons to join us.
Super-fast responsive service, we’ll call you back at time convenient for you
Access to a comprehensive panel which includes exclusive deals not available direct from lenders on the high street.
We’ve helped thousands of contractors throughout the UK obtain a mortgage.