Contractor / Self-employed

Getting a contractor mortgage in Derby may be easier than you think. At Oviso, our Derby advisers specialise in helping contractors and self-employed professionals secure the right mortgage. Often based on your weekly contract rate rather than a traditional salary, as long as you can show a contract history and future contractual arrangements. We'd be happy to talk you through your options.

Helping you every step of the way

Search thousands of products to find the best deal for you
Help you understand the costs involved with purchasing your home
Prepare your application so lenders are more likely to consider you
Liaise with your lender, solicitor, and surveyor, so you don't have to
Take care of all the paperwork, leaving you to focus on your move
We communicate to always keep you in the picture

Answering your frequently asked questions

With so many options to consider, it can seem very confusing. So, to help you out we've answered some of your most common questions. For more specific advice about the options available for your circumstances, why not get in-touch with one of our friendly advisors.

Can I get a mortgage if I am a contractor?

Yes, you can get a mortgage, although because your income can vary from month to month, it can make it harder for you to understand how much you may be able to borrow.
A conversation with an Oviso advisor can help clarify your available options and give you a clearer picture based on your individual circumstances.

How many years of accounts do I need before I apply?

Typically you would need to have a contract renewed at least once or 12 months' history of contracting or a year's accounts. Depending upon what type of contract you are on or whether you are set up as a limited company, will impact what financial information we require to find you the right mortgage provider.

How long does the mortgage application process take?

As with all types of mortgage applications, we aim to try and secure for you an offer within a couple of weeks.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Mortgage calculator

Our mortgage calculator gives you a quick estimate of your monthly repayments and loan-to-value (LTV), helping you understand what you could afford. Don’t forget to factor in additional costs like stamp duty, legal fees and moving expenses.

Cost of property
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Enter the purchase cost of the property
£
Your deposit
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Enter the deposit amount. The minimum for a house is usually 10% of the property's value.
£
Mortgage term
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Enter the number of years you want to pay your mortgage over (between 1-35 years) If you already have a mortgage then enter the number of years you have remaining on your mortgage.
Mortgage interest rate
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Enter the mortgage interest rate.
%
Mortgage amount
£0
Monthly repayments
£0
Loan to value (LTV)
0%

There will be additional fees that you'll need to include within your house purchase budget

Examples may include: Solicitor fees, Broker fees, Conveyancing fees, Mortgage fees, Stamp duty.

If your mortgage is a fixed rate, your payments will remain the same for the deal period, but could increase at the end of the deal period.

For a more detailed summary of your house purchase costs, it's advisable to discuss the options available to you for your circumstances with a qualified mortgage advisor.

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To find out more about mortgages, personal insurance, business insurance and protection or to discuss the options available for your circumstances, contact our team of advisors

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