A Fixed-Term Contractor Mortgage refers to a standard mortgage, but one in which the income is calculated in a specific way, often using a calculation of the ‘day rate’ rather than salary or self-employed income figures. Learn more >
Fixed Term Contractor Mortgages FAQS
How much can I borrow with a Fixed-Term Contractor Mortgage?
This is dependent on your income and deposit level but in theory you may be able to borrow up to 95% of the property’s value (subject to there being 95% LTV products available at the time) Due to the way Fixed-Term Contractor Mortgages are calculated, the amount you can borrow is usually significantly more than if a conventional income calculation is applied.
How much deposit do I need for a Fixed-Term Contractor Mortgage?
Can I have an interest only mortgage with a Fixed-Term Contractor Mortgage?
What’s the process to apply for a Fixed-Term Contractor Mortgage?
Do I need to be in my role for a minimum time to apply for a Fixed-Term Contractor Mortgage?
Can I apply for a Buy-to-Let Fixed-Term Contractor Mortgage?
Can I get a Fixed-Term Contractor Mortgage with bad credit?
How do lenders calculate my income for a Fixed-Term Contractor Mortgage?
I am on zero hours; will this meet criteria for a Fixed-Term Contractor Mortgage?
What are the alternatives of a Fixed-Term Contractor Mortgage?
Book A Call To Discuss Fixed Term Contractor Mortgages
If you have an enquiry and would like to discuss Fixed Term Contractor Mortgages in more detail, please get in touch or schedule one of our Fixed Term Contractor Mortgage broker experts to give you a call.
At MRG Private Clients, we believe in providing our clients with personalised guidance and support when it comes to making important financial decisions. We are based in Medway, Kent but offer our specialist mortgage services nationwide. Learn more about our specialist mortgage services >
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