Zero hour contract mortgages
When you’re on a zero-hours contract, your employment and your income can seem uncertain or unreliable, especially to an outside observer like a mortgage lender. With lenders being notorious for not wanting to take risks with borrowers, it might seem that your quest to find a mortgage that meets your needs and helps you to remain established in a home of your own could have run into a brick wall.
But there’s good news – it doesn’t necessarily have to be that way. With more and more workers finding themselves employed on a zero-hours contract basis, a number of lenders have responded with products to cater to their needs and, as well as specialist lenders, you will now find that even a handful of high street mainstream lenders have relaxed their rules and will offer you a mortgage as a zero-hours contractor.
Applying for a mortgage as a contractor, or even as a conventionally employed person, can be a stressful experience at the best of times, especially if you are unsure whether you are looking at the right deal or putting together your application in the most favourable way to ensure success. Here at Just Mortgage Brokers, we specialise in helping self-employed contractors, including those on zero-hours contracts, to find the right mortgage to suit their circumstances and meet their needs. Keep reading below to learn more or contact us if you have any questions.