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About The Mortgage

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Mortgages For Contractors!

Lets Find The Right Contractors Mortgage For You!

Contractor Mortgage Specialists, We search whole of market to offer our customers the best Moving Home Mortgage deals and rates.

Technically, the mortgages available to contractors are the same as more traditional PAYE employees.

Moving Home Mortgage
No hassle Contractor Mortgage solutions

However, when it comes to lenders accessing applicants, being a contractor, can sometimes make the process more complex. Contractors can be seen as riskier applicants because their income can potentially be less consistent than PAYE employees. 

Recently, some lenders are coming to realise that more people are turning their back on conventional employment and are looking to become independent professionals. Now, more than ever, the rates available to contractors are comparable to their PAYE counterparts.

At Amber Mortgage Solutions we have a superb team of specialist mortgage advisors who can help you find the best contractors mortgages available. We will guide you through the whole process and work with our lenders to ensure you get the best deal.

How We Work

Helping to tick all the right boxes for your new Self Employed Mortgage

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Use our handy mortgage calculator to find out how much you can borrow. Click Here
  • To start with please either call us or complete the above application form. 
  • One of our specialist contractor mortgage consultants will be in touch with you to discuss your application. 
  • After we have your details, we will search the market for the best schemes to suit you. 
  • We will then talk you through the details of your mortgage. 
  • 100% Secure, Confidential and hassle free. 

We’ll concentrate on helping you compare Self Employed mortgage rates with the following in mind:

  • Fixed, tracker, discount and variable rate mortgages 
  • Repayment and interest only mortgages 
  • Free survey and cash back deals 
  • Early repayment charges

How are contractor mortgages calculated?

Often the accountants of contractors will ensure that their net income is be low by retaining money within the business. From a tax efficiency perspective this is great, however, the opposite is true in relation to mortgage applications.

Traditionally, mortgages have been calculated based on annual salary which can negatively impact the amount contractors can borrow. However, many lenders have changed their assessment criteria for contractors and instead of looking at accounts and payslips they will look at your true earning potential. 

Lenders will calculate the amount you can borrow based on your annualised daily contract rate. Each lender will have a different qualifying criteria but usually you will need to provide proof of a current contract and also show that you have consistently been under contract.

Even though changes have been made by many lenders towards a better understanding of contractors finances, it can still be difficult to secure a loan from high street lenders. At Amber Mortgage Solutions we are connected to specialist lenders and can help you collate all the relevant documentation so your application is as smooth as possible.

Just call us today on 01702 619 221 to talk to one of our advisors.

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Worried about applying for a contractors mortgage with bad credit?


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Mortgages can be daunting at the best of times, and borrowers with limited experience may not be sure how to get a mortgage with bad credit which is also known as an Adverse Credit Mortgage. When looking online mortgage searches often return results for grade A credit scores and showing mortgages that you won’t probably qualify for.

Contractors mortgages can be arranged for people with bad credit in the following situations:

Still unsure whether you will have any issues moving home then contact us today for peace of mind. One of our Contractor brokers will be happy to answer any questions you may have.

Contractor Bad Credit Mortgage Solutions

Can I get a Contractors Mortgage with adverse or bad credit?

Worried about how your credit score may impact you chances of getting a Contractors Mortgage?

We understand that a history of Bad Credit can make finding a lender willing to provide a mortgage tricky.

However at Amber Mortgage Solutions we consider everyone. So regardless of your Bad Credit score, our specialist mortgage advisors can help you to find the best deals on the market and access an affordable Bad Credit Home Movers Mortgage to suit your personal circumstances.

We have created the below frequently asked questions to answer those tricky questions.

For more information on securing a mortgage with bad credit.

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01702 619 221

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Quick FAQs

Take a look at our extensive FAQ section

For the answers to some of our most commonly asked questions, below.

 
Yes. Whilst getting a mortgage with bad credit can be difficult, it’s a common situation many applicants find themselves in.So whilst a bad credit history can make things tricky, there are steps we can help you take to start repairing your credit rating and get you back on track to finding the right mortgage for you.
Even with a bad credit score, it is still very possible for you to get a mortgage. There are varying degrees of what is considered to be a ‘poor credit’ score and one black mark on your credit file may not have as significant an impact on your mortgage application as you believe.
You may have been told that your credit rating is ‘bad’ or it might have been described to you as ‘adverse’. Essentially, in the context of getting a mortgage, both words mean the same thing and we are able to help you with both.
There is very little difference between the two, especially as different lenders will look at very different criteria when assessing a mortgage. However, if you know you have any recent defaults, IVAs, are on a debt management plan or have CCJs, you may want to seek the help of specialist advisors, like Amber Mortgage Solutions, who will be able to advise on the best mortgage for you.
When looking for an affordable bad credit mortgage, there are still many options out there, they may just be that little bit harder to find. Whilst a few high street lenders may consider applicants with minor or historical credit issues, the majority will probably refuse an application with a bad credit history. However, there are still many independent lenders out there who will be able to offer you a suitable deal – you just need the right help to find them.
This really is dependent on the perceived potential risk you represent to lenders. Whilst there are some credit events considered more serious than others, such as CCJs or bankruptcy, there are still ways you can remedy your credit score to lower the costs to yourself. For example, if you have a CCJ from several years ago on your credit report, but you have since made all of your credit repayments on time and used them responsibly, whilst a high street lender may still refuse your application, this would look more favourable to an independent lender who can offer you the right deal.
Contact us today! Our friendly advisors will be happy to talk you through the next steps available to you and help you on your way to obtaining the mortgage you need.We’re here to help you, not judge you, so call us on 01702 619 221.