Mortgages for Contractors

Mortgages for Contractors

Compare Latest UK Mortgage Deals

2 Year Fixed Mortgage – 60% LTV

2 Year Fixed Deal

  • Initial Rate – 1.17%
  • Maximum 60% Loan To Value (LTV)
  • 2 Year Fixed Rate
  • £250 CASHBACK
  • Product Fee – £995
Call NatWest FREE on 0800 158 2934

Or Click HERE to apply online

Rep example: A mortgage of £156,000 payable over 22 years initially on a fixed rate for 2 years at 1.21% and then our variable rate of 4.24% for the remaining 20 years would require 24 monthly payments of £673.34 and 240 monthly payments of £887.65.

The total amount payable would be £230,379.74 made up of the loan amount of £ 156,000 plus interest of £74,379.74. A product fee of £995, valuation fee of £352 and a CHAPS fee of £30 are also payable.

The overall cost for comparison is 3.8% APRC representative

Applies to Home Movers only, excludes First-time Buyers. Cashback will be paid to the solicitor on drawdown of the mortgage, offer can be changed or withdrawn at any time. Early repayment charge applies until 31.03.2022

Your home may be repossessed if you do not keep up repayments on your mortgage. 

Compare UK Market Leading Mortgage Deals

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.17%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
“Market Leading 2 Year Fixed Rate”
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.30%
Reverts to 3.59%
Max LTV
70%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.34%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.41%
Reverts to 3.59%
Max LTV
80%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.49%
Reverts to 4.34%
Max LTV
65%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
2 Years
Initial Interest Rate
1.70%
Reverts to 4.34%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
3 Years
Initial Interest Rate
1.69%
Reverts to 4.34%
Max LTV
65%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
3 Years
Initial Interest Rate
1.75%
Reverts to 4.34%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.41%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.60%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.60%
Reverts to 3.59%
Max LTV
70%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.45%
Reverts to 4.34%
Max LTV
65%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.69%
Reverts to 4.34%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.77%
Reverts to 3.59%
Max LTV
80%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
10 Years
Initial Interest Rate
2.12%
Reverts to 4.34%
Max LTV
65%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 2.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
15 Years
Initial Interest Rate
2.35%
Reverts to 4.34%
Max LTV
65%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 2.70% APRC. This is the cost of the mortgage over the full term.

There are no tables for this criteria

Type
Fixed Remortgage
Initial Term
2 Years
Initial Interest Rate
1.17%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
2 Years
Initial Interest Rate
1.32%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
1.42%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
1.42%
Reverts to 3.59%
Max LTV
60%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.70% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
1.59%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call RBS FREE on 0800 096 7447
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Remortgage
Initial Term
5 Years
Initial Interest Rate
1.59%
Reverts to 3.59%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 158 2934
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.45%
Reverts to 4.34%
Max LTV
65%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 3.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
5 Years
Initial Interest Rate
1.69%
Reverts to 4.34%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 3.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
10 Years
Initial Interest Rate
2.12%
Reverts to 4.34%
Max LTV
65%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 2.80% APRC. This is the cost of the mortgage over the full term.

Type
Fixed
Initial Term
15 Years
Initial Interest Rate
2.35%
Reverts to 4.34%
Max LTV
65%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595

Early redemption charges may apply. Overall Cost for Comparison 2.70% APRC. This is the cost of the mortgage over the full term.

Type
Fixed First Time Buyer
Initial Term
5 Years
Initial Interest Rate
3.38%
Reverts to 3.59%
Max LTV
80%
Product Fee
No
Call NatWest FREE on 0800 158 2934
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

There are no tables for this criteria

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.35%
Reverts to 4.09%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 056 8572

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.35%
Reverts to 4.09%
Max LTV
60%
Product Fee
Yes
Call RBS FREE on 0800 096 7962

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
3 Years
Initial Rate
1.60%
Reverts to 4.54%
Max LTV
60%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
2 Years
Initial Rate
1.87%
Reverts to 4.09%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 056 8572

Early redemption charges may apply. Overall Cost for Comparison 4.50% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
1.74%
Reverts to 4.54%
Max LTV
60%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.90% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.05%
Reverts to 4.09%
Max LTV
60%
Product Fee
Yes
Call NatWest FREE on 0800 056 8572

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.05%
Reverts to 4.09%
Max LTV
60%
Product Fee
Yes
Call RBS FREE on 0800 096 7962

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.18%
Reverts to 4.09%
Max LTV
75%
Product Fee
Yes
Call RBS FREE on 0800 096 7962

Early redemption charges may apply. Overall Cost for Comparison 4.20% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
10 Years
Initial Rate
2.46%
Reverts to 4.54%
Max LTV
60%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 3.60% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
2.18%
Reverts to 4.09%
Max LTV
75%
Product Fee
Yes
Call NatWest FREE on 0800 056 8572

Early redemption charges may apply. Overall Cost for Comparison 4.10% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
10 Years
Initial Rate
3.24%
Reverts to 4.54%
Max LTV
75%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.00% APRC. This is the cost of the mortgage over the full term.

Type
Fixed Buy-to-Let
Initial Term
5 Years
Initial Rate
3.48%
Reverts to 4.54%
Max LTV
80%
Product Fee
Yes
Call Virgin Money FREE on 0330 057 1595
£250 CASHBACK

Early redemption charges may apply. Overall Cost for Comparison 4.40% APRC. This is the cost of the mortgage over the full term.

Mortgages for Contractors

Mortgage lenders can sometimes be a little more reluctant to offer mortgages to contractors and freelancers, as they don’t have the security of a guaranteed salary provided by an employer. However, there are lenders who will offer mortgages to contractors that have rates similar to those offered to traditional employees.

Mortgage applications for contractors are assessed in differently from traditional mortgage applications. Instead of looking at traditional forms of income assessment, lenders will use underwriting criteria specifically for the contractor and freelancer community. A normal mortgage application will be assessed on the basis of your salary – which meant that, in the past, many contractors faced difficulty securing the mortgage they wanted. A contractor mortgage application however, is examined on the basis of your gross contract rate. A mortgage lender will assess a contractor mortgage application on a case by case basis, using a combination of factors which might include:

  • Your contract rate
  • The duration of your current contract
  • How long you have been working as a contractor

To find the best contractor mortgage deals, click on the FREE mortgage calculator above and compare over 5,000 deals tailored to your personal requirements.

Tips for finding mortgages for contractors

  • Find a specialist contractor mortgage broker  – a mortgage broker that is used to working with contractors could help you to get the best deal available.
  • Aim for a high deposit if possible – the higher the deposit you can put into a property, the less risk the lender is taking on. This can mean lower rates for buyers.
  • Check your credit score  – this is important for all mortgage borrowers, but it’s especially important for people seeking a contractor mortgage as it reassures the lender that you have a good history of making repayments.
  • Gather all your documentation  – most importantly, you will need an up-to-date copy of your contract, indicating your payment rate for the work as well as its duration. This gives lenders a clearer picture of your income. You may also need to show your accounts for the past few years, although this is not always required, so check with your chosen mortgage provider.

Post Office Mortgage – 2 Year 75% LTV

Post Office – 2 Year Fixed Deal

  • Initial Rate – 1.98%
  • 75% Loan To Value (LTV)
  • 2 Year Fixed
  • £500 CASHBACK

Overall cost for comparison 4.3% APRC

Click HERE for more information

Offers

Buy To Let Mortgage Offers

Interest Only Buy To Let Mortgage Deals

  • Top 2 & 5 Fixed Rates
  • 60% and 75% LTV deals

Call NatWest FREE on 0800 056 8572

 

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE