At CRC Mortgages, we specialise in helping contractors secure mortgages tailored to meet their unique financial situations. Our dedicated team of mortgage advisors in Liverpool understands the specific needs of contractors and self-employed professionals. Securing a mortgage as a contractor can sometimes feel challenging, but our experienced Liverpool mortgage brokers are here to guide you smoothly through each step of the mortgage journey.
What is a Contractor Mortgage?
Working as a contractor or freelancer brings flexibility, yet traditional lenders often make securing a mortgage seem complicated. Our experienced advisors understand and specialise in contractor mortgage lending criteria. Located in Liverpool, we have built trusted relationships with lenders who regularly deal with contractor mortgage applications, ensuring we can help you identify mortgage solutions suited to your employment type and income patterns.
YOUR HOME/PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER DEBT SECURED ON IT
The FCA does not regulate some forms of Buy to Lets. Think carefully before securing other debts against your home/property.
There may be a fee for mortgage advice. The precise amount of the fee will depend upon your circumstances but will range from £449 to £699 and this will be discussed and agreed with you at the earliest opportunity.
If you would like to speak with an adviser,
please contact us below.
Why Choose Our Contractor Mortgage Advisors Liverpool?
CRC Mortgages has built a strong reputation as a mortgage broker in Liverpool, particularly for those working on contract or in self-employment. We take time to understand your specific financial circumstances, taking into account your contract details, income structure, and overall financial situation. By doing this, our advisors can help you navigate the mortgage application process efficiently, aiming to secure a suitable mortgage solution quickly and with as little hassle as possible.
Our Liverpool mortgage team remains fully updated on the industry and lending criteria changes, which means we can promptly assist contractors in exploring appropriate mortgage solutions available to them.
Contractor Remortgaging Liverpool
If you’re already a homeowner and currently employed as a contractor, remortgaging your Liverpool property can potentially help you secure better mortgage terms or release equity from your home. Our experienced remortgage advisors in Liverpool can help contractors to assess their current mortgage and carefully evaluate additional mortgage deals available. We will guide you through the remortgage process, aiming to save you as much time and unnecessary hassle as possible—allowing you to focus on your career and personal needs.
First-Time Contractor Mortgage Advice Liverpool
The mortgage process for first-time contractor buyers in Liverpool can initially seem more complex, but we aim to make it straightforward. Our Liverpool mortgage team can take proactive steps to explore viable mortgage opportunities for contractors buying a property for the first time. From clearly explaining the documentation required to managing the application process, we offer guidance at each stage to make your experience as smooth as it possibly can be.
Buy-to-Let Contractor Mortgages in Liverpool
Considering investing in a buy-to-let property in Liverpool as a contractor? Our mortgage team can help you navigate the specific lending criteria for buy-to-let mortgages aimed at contractors. From exploring potentially suitable lenders to assisting with financial assessment and eligibility checks, our advisors are dedicated to helping you effectively manage the mortgage process for your buy-to-let investment.
How Our Liverpool Contractor Mortgage Brokers Can Help You
- Clearly explain your mortgage options tailored for contractor professionals.
- Provide guidance through the entire application and approval process.
- Offer dedicated customer support and regular communication.
- Work efficiently to complete your mortgage application promptly.
We take pride in our transparent, friendly, and professional service, making us a well-respected mortgage broker choice for contractors in and around Liverpool.
Frequently Asked Questions About Contractor Mortgages Liverpool
Can I get a mortgage if I’m a contractor?
Yes, being a contractor does not mean you’re unable to get a mortgage. Many lenders cater specifically to contractors, and our Liverpool mortgage advisors can help explain and explore these mortgage opportunities with you.
How much deposit do contractors need for a mortgage in Liverpool?
The deposit requirement for contractor mortgages can vary between lenders and depends on your financial situation, the type of mortgage, and lender criteria. Typically, minimum deposits start from around 10% of the property’s value. Our team can help to clarify your individual situation.
Do mortgage lenders accept short-term contracts?
Yes, many lenders are open to lending to short-term contractors, but criteria vary. Our Liverpool contractor mortgage specialists can provide guidance in identifying suitable lenders that may consider your short-term contracts.
Does it take longer for a contractor mortgage application?
Not necessarily. While additional documentation might be required compared to standard mortgages, our skilled mortgage advisors in Liverpool endeavour to streamline your application process wherever possible, reducing delays as much as possible.
How is contractor income assessed for mortgage purposes?
Most lenders will assess your income based on your contract’s daily rate, contract length, and possibly your history of contracting. Our experienced Liverpool mortgage brokers understand how to present this income clearly to lenders, ensuring your situation is accurately represented.
If you’re a contractor in Liverpool seeking mortgage advice, CRC Mortgages is ready to assist. Contact us to discuss tailored mortgage solutions carefully aimed at your unique financial circumstances.