Borrow up to 95%
Umbrella companies accepted
Choice of 90+ lenders
Out of hours appointments available
Getting a mortgage when you’re an IT contractor isn’t easy. A lot of high street banks and other lenders will limit how much you can borrow or turn you down altogether simply because you’re a contractor.
This can be very frustrating, especially when you’re working alongside permanent staff who earn less than you and have a similar notice period to you, but who are able to get mortgages with no trouble at all.
So why is it so much harder to get the mortgage you need when you’re a well-paid contractor?
Well, if you’re like most IT contractors and consultants we speak to, then in order to work out what you earn per year, you probably take your day rate, multiply it by five days and then by 48 weeks to get your equivalent of an annual salary figure.
But most mortgage lenders don’t think that way. They will just look at your tax-efficient, but small, net salary. And so instead of seeing you as a high-earner with a six-figure salary, they’ll see you as someone on a low income who could be out of a job at a moment’s notice.
But here’s the good news…
At TAP Financial Services, we’ve built relationships with lenders who understand how IT contractors work and how you get paid and who will treat you the same way they’d treat a permanent employee.
This means we can get you a mortgage based on your gross contract rate, allowing you to borrow way more than you’d get from a High Street bank. Plus, in most cases, you’ll be able to borrow up to 95% of the property value - just like a permanent employee could.
And we can do all this whether you work through your own company or an umbrella and regardless of whether your current contract is inside or outside IR35.
We can even help if you’ve just started a new contract, are coming to the end of your current one, or are brand new to the world of contracting.
To find out which mortgage offers you qualify for, fill in our one-minute enquiry form or call us on 07907 219136 to get straight through to a mortgage adviser (we don’t do call centres).
Find Your Ideal Mortgage
Fill in your details below and one of our mortgage experts will contact you to discuss your options and help you choose the best deal.
WHY CHOOSE US
Because we specialise in mortgages for contractors, we can offer you all sorts of benefits you won’t find on the High Street or through other brokers.
Maximise your borrowing
High approval rates
No minimum contract length
Save time and money
Maximise your borrowing
We can get you a larger mortgage - one that’s based on your daily rate rather than on your company’s net profit figure or your own PAYE salary.
In other words, we can take your day rate, multiply it by five days and then by 46 weeks, and present that to a lender as your “annual salary”. The lenders we work with will then look to lend you up to 4.75 this amount, just like they would if you were a permanent employee.
We can also arrange IT contractor mortgages of up to 95% loan to value, meaning you won’t need a huge deposit if you’re a first-time buyer.
High approval rates
We have access to over 90 different lenders which means we’ve got the best possible chance of finding one who will accept your application and lend you the amount you need for your dream home or to help you reduce your monthly outgoings.
We understand how the different lenders work and what they look for, and that means we can explain your income and present your application in a way that maximises your chances of being accepted.
And once we’ve got you accepted, your offer will be valid for six months. So if you’re moving house, you’ll have peace of mind that your mortgage offer won’t run out before you’re able to complete your purchase.
No minimum contract length
Sometimes we hear from IT contractors who think they won’t be able to get a mortgage because they are new to contracting or have only just started in their current contract.
Fortunately, we have access to specialist lenders who don’t mind how long you’ve been in your current contact or how long is left on it. So whether you’ve just started a new contract, are coming to the end of your current one, or are brand new to the world of contracting we can still look to help you.
Save Time and Money
We’ve got access to 1,000s of different mortgages from over 90 lenders, including exclusive deals that the lenders don’t offer direct to the public. That means we’ve got the best possible chance of finding you a mortgage that will save you money.
We also understand that time is money, especially when you’re an IT contractor who’s paid by the day or the hour. So the last thing we want to do is waste any of your valuable time.
That’s why we’ve established relationships with lenders who understand how contractors work and who won’t need to see stacks of paperwork from you in order to approve your mortgage. In most cases, we’ll just need your contract, proof of ID and some bank statements to get your mortgage approved.
Plus the fact that we deal with IT contractors day in and day out means that, unlike some other brokers, we’ll know right from the start which lender is most likely to accept you. So we won’t waste time (or damage your credit score) by submitting applications to multiple lenders in the desperate hope of finding one who’ll say yes.
Ata Qureshi
We got great advice, assistance and guidance on mortgage products. Got our mortgage approved and got us an excellent deal. Provided great advice on asset/mortgage/finance protection products and the importance and benefits of setting up trusts. All in all, there is good reason why mortgage advisors exist and I can't recommend TAP highly enough. A great value service.
Matthew Luke
I got my mortgage approval from the bank in just 8 days from the time I appointed Alpesh as my mortgage broker, he shows his efficient, dedication and hard-working. Many thanks for his help and I highly recommend him to all of you for using his service!
Nick J
After 3 years, 3 mortgage advisors and no house offers being accepted, i was a bit sceptical when our friend recommended having a chat with Alpesh. And I'm very glad I did have a chat. One week later I had an accepted house offer, a mortgage offer and it happened simply by that discussion. Alpesh is exactly what I always thought a financial advisor should be like and I couldn't be happier with his service. Highly recommend.
Nisaanth Manegavasar
Alpesh is literally THE BEST broker you could ask for. He is literally 24/7 available and made my mortgage application process a walk in the park. He was able to get me the best possible mortgage product and was also very informative! I can't thank him enough for this. I would recommend anyone to go to him!
HOW IT WORKS
1. Get in touch
Give us a call or complete the 30-second enquiry form and one of our advisers will call you back. We don’t have call centres so that adviser will be your point of contact throughout your entire journey with us.
2. We'll find your perfect mortgage
Once we've taken a few details we'll compare 1,000s of deals from over 90 lenders to find the one that is the best fit for you.
3. We'll do all the heavy lifting
Sit back and relax while we submit your application and all the required paperwork, keeping you regularly updated along the way
4. ...until your mortgage is approved!
With our help you'll have the greatest chance of being accepted for the mortgage you need at the best possible rate.
Find Your Ideal Mortgage
Fill in your details below and one of our mortgage experts will contact you to discuss your options and help you choose the best deal.
YOUR HOME MAY BE REPOSESSED IF YOU DO NOT KEEP KEEP UP REPAYMENTS ON YOUR MORTGAGE
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TAP Financial Services is a trading style of Just Mortgages Direct Limited which is an appointed representative of The Openwork Partnership, a trading style
of Openwork Limited which is authorised and regulated by the Financial Conduct Authority
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