If you’re a day rate contractor based in Liverpool, securing a mortgage can often feel complicated. At CRC Mortgages, we specialise in delivering tailored mortgage advice specifically designed to help professionals just like you navigate this process as smoothly as possible. Our experienced mortgage brokers in Liverpool have extensive experience in assisting day rate contractors to achieve their property ownership goals.
What is a Day Rate Contractor Mortgage?
Unlike standard employment contracts, working as a day rate contractor involves financial complexities many high street lenders may not fully appreciate. Conventional lenders typically assess mortgage affordability based on consistent, permanent employment income. We understand that for day rate contractors, income structures can be less traditional, with potentially variable earnings and contract durations. Our specialist mortgage advisors in Liverpool understand these unique circumstances clearly and are here to help you find mortgage lenders who will assess your application fairly and accurately.
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.
How a Mortgage Broker Can Help Day Rate Contractors in Liverpool
Working closely with a dedicated mortgage broker can help you overcome various hurdles in obtaining a mortgage suitable for your contracting employment status. At CRC Mortgages, our professional Liverpool mortgage advisors will take the time to review your current employment contracts, income history and future projections. We aim to present your situation clearly and effectively to potential lenders so you have the highest chance possible of securing the appropriate mortgage to suit your situation.
Our knowledgeable mortgage brokers will walk you step-by-step through the application process, assisting you in preparing documentation necessary to prove your affordability to potential lenders. We endeavour to help you find competitive mortgage deals that are aligned with your specific circumstances and financial objectives.
Remortgaging for Day Rate Contractors Liverpool
If you’re currently a day rate contractor and are looking to remortgage your home in Liverpool, our mortgage brokers can also assist you in this process. Maybe your fixed deal is ending, or perhaps you’re considering releasing equity to invest back into your property or fund home improvements. At CRC Mortgages, our advisors strive to help you identify mortgage options as beneficial as possible given your current circumstances, working efficiently to minimise disruption to your busy contracting schedule.
We have built up strong relationships with lender specialists that understand contractor-specific income streams, potentially widening your mortgage options compared to traditional lenders. Our ultimate goal is to help you achieve the most suitable remortgage solutions to support your longer-term property and financial ambitions.
Why Choose Our Mortgage Advisors Liverpool
At CRC Mortgages, we combine our local knowledge of the Liverpool area with our specialist understanding of the day rate contractor mortgage landscape. Our advisers aim to provide transparent, professional and straightforward mortgage advice, focusing on meeting your personal and financial objectives efficiently.
We understand the challenges contractors face when approaching standard lenders. Our dedicated team will save you as much time and effort as possible by handling lender communications and paperwork on your behalf. Having assisted many day rate contractors in Liverpool already, we are confident in our ability to provide mortgage advice tailored specifically to your unique needs and circumstances.
FAQs – Day Rate Contractor Mortgages Liverpool
Can day rate contractors get mortgages in Liverpool?
Yes, absolutely. While some traditional lenders may have specific income criteria, many lenders now recognise contracting income. A broker experienced in contractor mortgages, such as CRC Mortgages, can help find suitable lending options tailored to your specific situation.
What documentation will I need as a day rate contractor?
Typically, you’ll require proof of current and previous contracts, bank statements showing income deposits, identification documents, proof of address and possibly your latest tax returns or accountant-prepared accounts. Our mortgage advisors will advise you clearly on exactly what’s required from individual lenders.
How is my affordability determined as a contractor?
Usually, affordability for contractors is calculated based on your current daily rate multiplied by a certain number of weekly working days (often between 46 and 48 weeks per year). Each lender’s approach can differ, so our advisors will guide you through the specific requirements.
Do I need multiple years of contracting history to get a mortgage?
Not necessarily. Some lenders are prepared to consider contractors with a shorter contracting history if your experience in the relevant industry is substantial. We can assist you in finding potential mortgage options that suit your particular
circumstances.
Can I remortgage my home as a contractor?
Yes, contractors can remortgage in Liverpool. Whether you’re looking at changing lenders for a more competitive rate, or considering releasing equity, our experienced mortgage brokers will advise you clearly and professionally through the entire process.
If you’re a day rate contractor in Liverpool and require further assistance with your mortgage or remortgage, contact CRC Mortgages today. Our dedicated team is here to help you navigate the mortgage market clearly, professionally and straightforwardly.