4.25% Base Rate: 3 Reasons Why Contractors Should Act Now Before Mortgage Rates Rise Again

This rate cut could be a game-changer for contractors – especially those navigating the mortgage market with non-traditional income.
Around eight in ten mortgage holders are on fixed deals, but many contractors are approaching renewal or stepping into the market for the first time. For them, timing is everything.

If you're a contractor on a day rate or short-term contract, traditional banks might struggle to assess your true affordability.
That’s where specialist advice becomes critical. With lender criteria and market competition shifting, contractors who move early could lock in more attractive rates ahead of the curve.

This news also comes with a caution: savings interest rates may fall as a result of the base rate drop, especially on easy-access accounts.
Contractors with savings set aside for deposits may want to explore fixed-rate savings options or reassess their deposit timeline to avoid eroding returns.

Contractor Mortgage Solutions Value Add
At Contractor Mortgage Solutions, we understand that every percentage point matters – especially when you're juggling contract renewals, tax planning, and homeownership goals.

We don’t assess you like a typical bank would. Our contractor-focused approach uses your day rate and contract terms to determine borrowing potential.
Whether you're looking to buy your first home, remortgage, or just get clarity in a shifting market, our specialists are here to guide you through it.