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  • Expertise

    We understand Contractor Mortgages

  • Detailed research

    We carry out detailed research into the market to ensure you save money

  • Time saving

    We complete the paperwork and liaise with third parties on your behalf

Contractor Mortgages in Salisbury

Are you a Contract Worker living in Salisbury? Are you looking to mortgage a property but your high street lender doesn’t understand how you are paid?  If you are looking for Contractor Mortgages in Salisbury our mortgage advice team can help. We know which lenders welcome contractors. And, we know how to package your mortgage so they will be more likely to accept your application. So why not get in touch today?

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Why Contractors can struggle getting a mortgage

One of the main frustrations Contractors tell us about is that they can struggle to secure a mortgage. This is because many of the high street lenders aren’t familiar with the way contractors are paid. Generally, this is because lenders base a contractor’s mortgage on your accounts which don’t always reflect what you actually earn.

At Your Mortgage Expert, we understand that the way contractors are paid is different. And therefore a different approach to getting a mortgage is needed.

We know which mortgage lenders are familiar with the way contractors work. These lenders will work off your contract alone. They will give you a mortgage based on an annualised figure of your contract rate and will ignore your Limited Company accounts or any other tax efficient method you use.

So, whether your contract is as a Project Manager or an IT Software Engineer. Or you’re on a fixed term contract, a CIS worker or you are a Locum Doctor contracted by the NHS. Whatever type of contractor you are, we can help.

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Where is Your Mortgage Expert based?

We are based in Salisbury City centre. So if you are looking for a company that can help you with  Contractor Mortgages in Salisbury then we are here to help. We can meet at our offices on New Canal and talk through the whole process face to face.

Our office is in Salisbury City Centre,  but we cover all the local villages and towns including Amesbury, Wilton, Downton , Harnham and Andover.

But, we know you’re busy and might not have time to come to us. If you prefer, we can do the whole mortgage process over the phone or video call.

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How are contractor mortgages different?

The main difference with contractor mortgages is how the lender assesses your income.

Rather than using a “one size fits all” model. Most lenders that welcome contractor customers have more bespoke lending criteria aimed at the financial needs of contract workers.

This underwriting method will use an annualised figure of your contract rate to assess your mortgage affordability. So rather than restricting your assessable income to a director’s salary and dividends as shown on your Limited Company accounts, these lenders will use your gross contract rate to assess your income. This will enable you to apply for a mortgage that reflects your true level of income.

What type of Contractor Mortgages can you advise on?

Whatever life stage you are at or purchasing decision you are making, we can help.

These are just a selection of the contractor mortgages we can help with:

Why not call us to discuss your Contractor Mortgage in Salisbury?

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Contractor Mortgage Customers

Don’t just take our word for it. Why not read about Andrea from Warminster near to Salisbury?  Andrea is a Software Development Contractor and had found it difficult to obtain a mortgage through the normal channels.

Find out more.

Our handy mortgage calculator

Our mortgage calculator can help you get a better idea of how much you can afford to borrow, and how much your mortgage will cost you in monthly repayments.

  • “This was knight in shining armour stuff. Our conscientious mortgage broker was a delight to deal with from the off and the key to our dream home.”

    Max and Martha, First Time Buyer customers from Cardiff

  • “Being in the Armed Forces I am away a lot, meaning it can be hard to attend meetings, answer emails and especially hard to fill in forms. Adam and his team were extremely helpful and understanding of our situation and provided help wherever they could. After our initial meeting where we provided our required details, we actually did very little of the hard work, apart from signing a couple of papers.”

    Callum and Verena, First Time Buyer Armed Forces Mortgage Customer from Salisbury

  • “I expect my circumstances were fairly rare, but the help and guidance I received from you was invaluable. I feel that the personal touch you provide offers something that appeals to the soldier in me.  During my service I always liked to have a point of contact, someone who was the “go to” specialist in their field.  This provides a degree of assurance about a situation and it was refreshing to find that same degree of certainty transitioning to civilian life, particularly with something as important as a mortgage and buying our family home.”

    Andrew and Helen, Armed Forces Mortgage Customers from Salisbury

  • “Even though we were used to having a mortgage on the rental property, paying a mortgage on your own home was still a bit of a shock after years of having married quarter rental deducted from your pay at source. But, at every step along the way, we felt reassured, understood and that we really mattered to Adam. Trust is an important concept for military families and we trusted Adam.”

    Fiona and Graham, Armed Forces Mortgage Customers from Wilton

  • “As a contractor, it was difficult for me to obtain a mortgage through normal channels so it was great to find a mortgage adviser that specialised in contractor remortgages and understood the challenges. In addition, I had fairly tight timescales, so wanted someone who could make the process quick and hassle free.”

    Andrea, Contractor Mortgage Customer from Warminster

  • “I am a contractor, therefore require specialist mortgage advice. Adam has now concluded two mortgages for us (new mortgage then a contractor remortgage), and is currently arranging a buy-to-let mortgage for us. He also arranged our life insurance for us. We keep returning to him for some great reasons – he is always available, and ready to help. He provides great advice, and always ensures that he meets our requirements exactly. He is prepared to explain things in such a way that even a lummox like me can understand, and his level of service has remained consistently good over the last three years.”

    Matt, Contractor Mortgage Customer from Southampton

  • “Adam’s advice on the different types of critical illness and life insurance were really useful. He also worked with us to decide the best combination of policies that would work with our existing policies to cover our needs. When doing this he happily tweaked quotes for us until we came out with an arrangement that was both affordable and would provide us with the level of cover we thought appropriate.”

    Hannah and Steve, Protection Insurance Customers from Stamford

  • “Adam provided us with factual advice and also with options of which we were unaware. The advice on gifted equity was something we hadn’t heard about and this assisted us hugely to ensure repayments worked within our affordability. He provided us with a very personal service that made the journey from initial call, to mortgage offer and completion hassle free. We have already recommended Adam to someone and will continue to recommend his services in the future.”

    Saul and Laura, Home Mover Mortgage Customers from Salisbury

  • “Mike and I collected the keys to our flat this weekend and we couldn’t be happier. It’s been a long time coming but we got there! We just wanted to say a MASSIVE thank you for everything you have done for us so far. We’ve really appreciated all the help, advice and reassurance you’ve given us all the way through this process. It’s really nice to have a friendly voice on the other end of the phone.”

    Mike and Bethan, First Time Buyer Mortgage Customers from London

  • “Without question Adam found me a deal the estate agent’s broker couldn’t. He was very easy to contact whenever I needed him and he took time to explain the ins and outs of the Help to Buy equity loan scheme mortgage that he found me. I would rate him five out of five and will be back to use him when the time comes to remortgage or move.”

    Chris, Help to Buy Mortgage Customer from Southampton

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Your Mortgage Expert is a trading name of Your Mortgage Expert Limited which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.

Registered Office Address: 18 New Canal, Salisbury, England, SP1 2AQ. Registered in England Number: 08924507.

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