First Time Buyer
”I am new to the property ladder, I want to buy my first home and want to know how my contractor status affects my mortgage application”
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First Time Buyer Mortgage
We understand that buying your first home can be an overwhelming experience. Super Contractors are award winning specialists, who have helped many contractors through the process of buying their first home.
The process for a contractor securing a mortgage has always been a bit trickier. However, with an ever-increasing number of the population delving into contract work and self-employment, more and more lenders have become more willing to offer contractor mortgages. The contractor friendly lenders that we work with, follow assessment processes that understand the circumstances that come with the employment status & income of contractors.
To get things started, we first of all need to check out your financial situation:
- How much deposit you have?
- How much you want to spend on a property?
- Your credit profile status?
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 become a homeowner, including:
- How much lenders are willing to lend based on your day rate
- How much your monthly mortgage payments will be
- The documents you need
You are nearly there, simply fill out the contact form or call us directly on 0800 211 8700 if you want to speak to one of our expert consultants about a Home Mover Mortgage.
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 ensure that securing your first time mortgage as 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 the best lenders across the United Kingdom to save you the headache. All of this for a low mortgage broker fee and a super quick turnaround, so you can focus on the important things, like moving the furniture into your new home!
You may have to pay an early repayment charge to your existing lender if you remortgage. Your home may be repossessed if you do not keep up repayments on your mortgage. This firm charges a fee of up to £395 for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity.
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.