Being a contractor or a freelancer can offer you flexibility and independence. But when it comes to buying a home and looking for a mortgage, you might find a few challenges in your way if your monthly income isn’t as regular or consistent as that of a permanent employee.
Here at Together, we believe that accessing the finance you need shouldn’t be a barrier, but should help you to achieve your property goals. And that’s why our common-sense approach to lending is as flexible as you are.
We’ll work with you to understand your individual circumstances, and we can take up to 100% of your income into account when you apply for a contractor mortgage. We won’t rely on algorithms or credit scores to make our decisions. Instead, we’ll look for ways to say ‘yes’ and deliver the contactor mortgage that’s right for you, so you can buy the property of your dreams.
Much like you, we’re trusted because of our experience – and we’ve been making common-sense lending decisions for nearly 50 years. Our skilled underwriters may ask to see evidence of your contract, additional proof of income, and references to make sure that your mortgage is affordable and right for you.
So if you’ve got property ambitions this year, we could help you reach them.
Do you want to quickly understand the potential cost of your mortgage?
We can give you an idea of the monthly costs with just a few details like the property value, your deposit amount and how long you need the loan to last.
Calculate costs
We're a specialist lender. We exist to help people who would likely be turned down by mainstream lenders. Perhaps it's your employment status, your credit history, or the property itself that doesn't fit neatly into the big names' tickboxes.
Whatever it is, we'll look at your application and use our common sense – not computers – to make the final decision about whether we can lend to you.
The rate you're offered may be influenced by several factors, including:
When you apply for a mortgage, you’ll need to go through our application process and provide certain documents so we can get a clear picture of your circumstances and what you can afford to borrow.
To help you prepare any documents required we've pulled together a mortgage application checklist so you can move quickly and smoothly when the time comes.
Mortgage application checklistWe charge an Arrangement Fee, and we charge a Redemption Administration Fee when you 'redeem' (i.e. full repay) your mortgage, to cover costs associated with closing your account and dispensing our legal claim to your property.
These fees can vary, so we'll ensure that the fees that apply to your particular mortgage are clearly explained before you sign on the dotted line.
Other fees and charges may be applied to your account during the life of your loan, in relation to the management of your account (for instance, if you fall behind on your monthly payments). These are all explained in our Tariff of Charges.
