Aldermore is giving you and your contractor clients more choice and flexibility, so they can access the mortgage they need.
Contractors in the UK are a pretty diverse bunch, from locum doctors to IT professionals and supply teachers, contractors work under many different structures and arrangements. This means their finances don’t always neatly fit into either a standard employed or self-employed underwriting approach.
At Aldermore, we don’t believe this makes them unsuitable for a mortgage.
Contractors make up a significant number of our nation’s workers, entrepreneurs, business owners and wealth creators. We champion those who work for themselves, from sole traders to company directors, backing Britain’s self-employed to reach their homeowning goals. That’s why we’ve recently improved our mortgage proposition and criteria to become a more ‘contractor-friendly’ lender, giving your clients more choice and flexibility.
What’s changed for contractors?
Your clients who work on a contract basis often need a specialist’s view. Aldermore are pleased to announce that we can now calculate a contract worker’s income by simply using their daily rate for affordability. We also allow fixed term contracts across all sectors.
