5 Main Challenges for Contractors to Qualify For a Mortgage

 


Remortgage has many benefits for contractors. Cost savings, debt consolidation and credit score increase are among these incentives, but contractors face many challenges in obtaining contractor remortgages. Non-permanent contracts, low credit scores, delinquent mortgages, gaps in contracts and low work experience are the most important challenges for contractors to get a remortgage.

Lenders' behavior compounds these challenges in contractors' remortgage varies greatly. Therefore, to overcome these challenges, contractors need the advice of contractor remortgage brokers.

AWS Mortgage advisors with years of experience in providing contractor remortgage consulting services take the necessary measures to improve the contractors' credit score, estimate the required deposit, more savings solutions, increase financial capacity, collect evidence and accurately estimate related costs.

Talk to AWS Mortgage experienced advisors to make it easy for you to overcome the challenges you face easily. AWS Mortgage experienced advisors have access to a wide range of contractor lenders and can help you make the right choice among the wide range of remortgage products on the market.

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