Award-Winning Bad Credit Specialist · FCA No. 301173
Contractor Mortgage With Bad Credit Complex Cases Made Simple
Contractor income plus bad credit is a specialist combination. Darryl Dhoffer has extensive experience arranging mortgages for contractors with adverse credit across all contract types.
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FCA No. 301173
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Contractor Mortgages and Adverse Credit
Contractors face more complex mortgage income assessment than permanently employed borrowers because their income comes through contracts rather than a standard payslip. When adverse credit is added the number of available lenders narrows further. However specialist lenders do exist who understand both contractor income and adverse credit.
The key is matching your specific contract type and income structure with a lender whose contractor AND adverse credit criteria both work for you. Darryl Dhoffer has deep experience with exactly this combination.
Darryl Dhoffer — The Mortgage Geezer
20+ years in mortgages. Award-winning specialist. Featured in the Daily Express, FT Adviser and The Intermediary. I have helped hundreds of people across the UK who were told no by their bank — and I work with 65+ lenders including specialist adverse credit lenders you will not find on comparison sites.
When you contact me, you speak to me directly. No call centres. No being passed around. I personally review every case and respond within 2 hours.
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Frequently Asked Questions
Can I get a mortgage as a contractor with bad credit? ›
Yes but it requires a specialist broker who understands both contractor income and adverse credit. Darryl Dhoffer has arranged mortgages for contractors with CCJs defaults IVAs and other adverse credit working across IT finance engineering healthcare and other sectors. The right lender makes the combination achievable.
How do lenders assess contractor income with bad credit? ›
Different lenders use different methods for contractor income. Some use your day rate multiplied by annualised working days. Others use your accounts or SA302s if you trade through a limited company. Some specialist lenders are more flexible on how they calculate contractor income. Darryl will identify which method produces the best affordability figure for your contract.
What contract types are accepted with adverse credit? ›
Most contractor types can be considered including IT contractors engineers finance contractors healthcare locums daily rate contractors and fixed term contract workers. The key is finding lenders whose contractor income criteria align with your specific contract type and whose adverse credit policies accommodate your credit profile.
How long do I need to have been contracting to get a mortgage with bad credit? ›
Most specialist lenders require 12 months of contracting history with a current contract in place. Some require 2 years. A few will consider less history in certain circumstances. Darryl will advise on the minimum contracting history required for your specific income and credit profile.
Do I need a bigger deposit as a contractor with bad credit? ›
Usually yes. The combination of contractor income and adverse credit typically requires 15-25% deposit depending on the credit issues. A larger deposit reduces risk for the lender and opens up more options. Darryl will calculate the minimum deposit needed for your specific situation.
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01234 237321
darryl@themortgagegeezer.co.uk
FCA No. 301173
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The Mortgage Geezer is a trading style of Access Financial Services Limited, authorised and regulated by the FCA No. 301173. Your home may be repossessed if you do not keep up repayments on a mortgage.
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Lender criteria, rates and deposit requirements quoted on this page are indicative and subject to change without notice. Individual circumstances vary. This page provides general information only and does not constitute regulated financial advice. Darryl Dhoffer is authorised and regulated by the Financial Conduct Authority — FCA No. 301173. Access Financial Services Ltd, registered in England No. 04427489. Your home may be repossessed if you do not keep up repayments on your mortgage.