As a contractor, you might not fit into the standard ‘tick boxes’ on a mortgage application, but do not worry help is at hand.
Professional Contractor Mortgages (PCM) are a specialist contractor mortgage broker. Even if your own bank has said no, they can still assist.
Why choose PCM?
Professional Contractor Mortgages (PCM) specialise in finding the most suitable mortgage options for contractors and freelancers. They have an in-depth understanding of how both contracting and underwriting for mortgages work. With this understanding, they can advise you on the right course of action to secure the mortgage you deserve.
They have extensive experience in the industry and a strong relationship with providers who are flexible with their views on contracting and various methods of income.
What are the benefits of using PCM?
Professional Contractor Mortgages have worked tirelessly to educate lenders on how contractors SHOULD be assessed. As a result, they have a large number of bespoke agreements with major high street lenders that support limited company contractors, umbrella contractors,, direct to client contractors and sole traders. This includes:
- Potential to borrow up to 5 x your annualised contract income
- Offerings to first time buyers, home movers, remortgages and buy to lets
- Available in the correct circumstances to ‘day 1’ contractors
- Accounts and payslips are not usually required – the lender will work on the gross value of the contract
- Market leading rates from High Street Lenders
- Direct access to contractor underwriting
- Deposits as low as 10%
- Access to the ‘Help To Buy’ scheme
How can I speak to PCM?
To find out what options are available to you simply call 02394 212912 and speak to a dedicated Contractor mortgage consultant. Alternatively, complete their Mortgage Calculator which will give you a quick and easy summary on how much you could borrow.