Want to secure the best mortgage rates as a contractor? Follow these expert-approved tactics:

1️⃣ Boost Your Credit Score Early

• Check reports 6+ months before applying

• Correct errors & reduce credit utilization below 30%

• Avoid new credit applications 3 months pre-application

2️⃣ Document Preparation is Key

• Gather 2 years' accounts/SA302s

• Organize contract copies & bank statements

• Get accountant references ready

3️⃣ Lock In Longer Fixed Terms

• 5+ year fixes often have better rates than 2-year deals

• Protects against future rate hikes

• Ideal if planning to stay put medium-term

4️⃣ Access Whole Market Rates

• Specialist brokers like us work with 50+ lenders

• Including exclusive contractor-only deals

• Typically save 0.5-1.5% vs going direct

5️⃣ Time Your Application Wisely

• Apply mid-contract (not near end dates)

• Avoid overlapping employment gaps

• Seasonal timing matters (spring/autumn often best)

Pro Tip: Combining these strategies helped one IT contractor secure 4.3% when standard rates were 5.8% - saving £12,000 over 5 years!