Unlock the Power of Your Property with a Second Charge Mortgage
A Second Charge Mortgage allows you to release equity from your existing property without altering your current mortgage. Whether you’re looking to fund home improvements, invest in property, or manage other financial goals, Contractor Mortgage Solutions connects you with lenders who understand contractor income. We’ll help you access flexible funding based on your day rate ,not payslips or tax returns.
Tailored Second Charge Mortgage Solutions for Contractors
At Contractor Mortgage Solutions, we specialise in arranging Second Charge Mortgages designed for contractors and self-employed professionals. Our expertise in contract-based lending allows us to secure borrowing based on your day rate, giving you access to flexible funding that reflects your real earning potential. Whether you operate as a Limited Company Contractor, PAYE Contractor, or through an Umbrella Company, we’ll help you find the right Second Charge Mortgage to match your needs.
Limited Company Contractors
We work with specialist lenders who assess your contract income and retained profits, not just salary or dividends. This allows you to release equity efficiently while maintaining your existing mortgage ,giving you financial flexibility without refinancing.
PAYE Contractors
Your contract stability makes you a strong candidate for a Second Charge Mortgage. We’ll connect you with lenders who recognise your verified day or hourly rate, helping you secure competitive borrowing terms aligned with your current commitments.
Umbrella Company Contractors
For contractors working through umbrella structures, we ensure lenders assess your true income accurately. Our specialists help you unlock your property’s value with flexible lending options tailored to your contract rate.
We work with more than 120 mortgage lenders, including:
We Operate Based on Your Income
We specialise in securing Second Charge Mortgages for contractors based purely on their contract earnings ,no tax returns or accounts required. Over the past decade, Contractor Mortgage Solutions has helped contractors across the UK unlock their home equity for renovations, business investments, and financial growth. We collaborate daily with specialist lenders who understand the contracting lifestyle, providing access to exclusive Second Charge products not typically available on the high street or through standard brokers.
Estimate How Much You Could Borrow
Use our Second Charge Mortgage calculator to get a quick indication of your potential borrowing amount.
This tool provides an estimate only ,for a personalised assessment based on your contract income and financial objectives,
speak to one of our expert advisers today.
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Please provide your details to see your mortgage calculation resultsYour Estimated Borrowing Amount
Please note, that this calculator only provides indications of possible borrowings.
Contact us for a free bespoke contractor mortgage recommendation.
Ready to Discuss Your Options?
Don’t let rigid lender requirements stop you from accessing your home’s equity. Secure a Second Charge Mortgage based on your contract income and take control of your financial future today. Whether it’s for renovations, investments, or new opportunities ,we’re here to make it happen.
Compare & Find the Right Second Charge Mortgage for You
Don’t settle for less ,explore, compare, and secure the best Second Charge Mortgage tailored to your financial goals.
Mortgage Comparison
Find the Right Second Charge Mortgage in Minutes
Comparing Second Charge Mortgage options can be challenging, but we make it simple. Our comparison tool lets you explore rates and terms from trusted UK lenders, ensuring you find the right deal for your needs. Whether you’re releasing equity or funding an investment, you can view interest rates, loan terms, and repayments in one place. With our contractor-focused expertise, you’ll gain access to exclusive products designed specifically for self-employed professionals.
Mortgage Quote
Get Your Personalised Second Charge Mortgage Quote Instantly
Want to know how much you can borrow or what rate you qualify for? Our quote tool provides a fast, no-obligation estimate based on your contract income and property value. With no impact on your credit score, you can explore your Second Charge Mortgage options confidently and take the next step toward your goals.
Why Choose Contractor Mortgage Solutions for Your Second Charge Mortgage?
Testimonials
Mark D.
Software Consultant, London
CMS helped me release equity from my home without disturbing my existing mortgage. Quick, clear, and contractor-friendly.
Ella P.
Design Contractor, Birmingham
I’d struggled to find lenders who understood my contract income. CMS made the process smooth and transparent.
Sam H.
IT Engineer, Manchester
They truly understand contractors. I secured my Second Charge Mortgage within weeks, and the support was outstanding.
FAQ’s
What is a Second Charge Mortgage?
A Second Charge Mortgage, also known as a secured loan, allows you to borrow against the equity in your property while keeping your existing mortgage unchanged. It’s ideal for funding home improvements, investments, or major expenses without losing your current deal.
Our Partners: https://mortgage-tek.co.uk/
Can contractors qualify for a Second Charge Mortgage?
Yes ,we work with lenders who base affordability on your contract income or day rate, making it easier for contractors to access funding.
How is a Second Charge Mortgage different from remortgaging?
A remortgage replaces your current mortgage, while a Second Charge Mortgage runs alongside it. This allows you to keep your existing rate and avoid early repayment fees.
How much can I borrow?
The amount depends on your equity, income, and lender criteria. Contractors can typically borrow between £10,000 and several hundred thousand pounds.
Will it affect my main mortgage?
Your main mortgage remains intact, though your lender must approve the second charge. We handle this process smoothly on your behalf.
Are interest rates higher?
Usually slightly higher, but our specialist lender access ensures you still receive competitive terms.
What can I use the funds for?
Most clients use Second Charge Mortgages for home improvements, debt consolidation, or business investment.
Do I need legal advice?
Yes, as a second charge is secured on your property. We’ll coordinate the process to make it easy and transparent.
Will it affect my credit score?
Only if you miss repayments. Otherwise, timely payments can help strengthen your credit profile.