Specialists in contractor mortgages
At Yomo Finance, we understand the unique challenges faced by contractors when it comes to securing a mortgage. As a contractor, you don't fit into the standard mould that traditional lenders typically assess, which can make the mortgage application process more complex. That's why we specialize in providing tailored solutions for contractors, ensuring you have access to the best mortgage products and rates for your circumstances. Contact our team in Aylesford to book an appointment with our advisors.
Understanding your needs as a contractor
As a contractor, your income and employment situation can vary significantly from traditional employees. Whether you're trading through an umbrella company, running your own limited company, or working on fixed-term contracts, lenders often struggle to accurately assess your income and borrowing potential.
Traditional lenders may rely solely on payslips, ignoring additional income sources like holiday pay, bonuses, commissions, and expenses. If you operate through a limited company, they may require multiple years of company accounts, potentially limiting your borrowing capacity if you've been running your affairs tax-efficiently.
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Our expertise in contractor mortgages
At Yomo Finance, we have an in-depth understanding of the contracting profession and the challenges you face when applying for a mortgage. Our team of experienced mortgage consultants specializes in working with contractors from various industries, including IT, oil and gas, project management, business analysis, and more. We work closely with a panel of contractor-friendly lenders who understand the unique nature of your income and employment situation. These lenders have specialised underwriting teams trained to accurately assess your borrowing potential based on your contract value, rather than relying solely on traditional income assessment methods.
Tailored solutions for your needs
Whether you're a first-time buyer, looking to remortgage, or seeking a buy-to-let mortgage, we have tailored solutions to meet your specific requirements:
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First-time buyer mortgages: We'll guide you through the process of securing your first mortgage, offering straightforward, jargon-free advice to help you navigate the complexities as a contractor.
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Remortgaging: If your current mortgage deal is coming to an end, we can help you find the most competitive remortgage options, ensuring you secure the best rates and terms for your circumstances
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Moving home mortgages: Whether you're upsizing or downsizing, we'll assist you in obtaining the right mortgage to facilitate your move, taking into account your contractor income and borrowing potential.
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Buy-to-Let mortgages: Expand your investment portfolio with our buy-to-let mortgage solutions, designed specifically for contractors looking to enter or grow their property investments.
We’re highly recommended
