Why Business Owners, Contractors & Employees Should Take a Fresh Look at Their Mortgage
For many of us, our mortgage is the biggest financial commitment we’ll ever make. So it makes sense to ask: Are you getting the best deal?
Whether you’re self-employed, running your own business, contracting through an umbrella company, or on PAYE, remortgaging could help you save big, gain flexibility, and unlock better borrowing terms — especially when you’ve got expert mortgage advisers on your side.
At Broadbench, we specialise in supporting professionals from all walks of life — including business owners and contractors with complex incomes — to secure fantastic remortgage deals.
What Is Remortgaging?
Remortgaging simply means moving your mortgage to a new deal — either with your current lender or a different one. You don’t have to move house, and the aim is typically to get a better interest rate or release some equity. And in the right circumstances, it can be a game-changer.
Why Remortgage?
Here are some compelling reasons to consider a remortgage:
1. Your Current Deal Is Ending
Once your initial fixed or discounted period ends, you’re usually moved onto a standard variable rate (SVR) — which is typically much higher and can fluctuate. Avoiding the SVR could save you thousands over the life of your loan.
2. Your Situation Has Changed
Perhaps your income has increased, you’ve started your own business, or you’re now contracting through an umbrella company. Maybe you need a more flexible mortgage to allow overpayments, payment holidays, or offset features. A remortgage could better suit your new circumstances.
3. You Want to Borrow More
Need to raise funds for home improvements, business investment, or even debt consolidation? A remortgage might let you do this at a more competitive rate than your current lender offers.
4. You Have an Expiring Interest-Only Mortgage
If your interest-only mortgage is coming to an end and you’re not in a position to repay the capital, remortgaging might offer a solution — including options like retirement interest-only mortgages or equity release.
5. You Want to Consolidate Debts
While it’s not always advisable to roll other debts into your mortgage, it can be a useful strategy if paired with an overpayment plan — just be mindful of the total interest paid over time.
Your Equity Matters
The more equity you have in your home, the better your chances of accessing market-leading deals. For example, if you own 40% of your home outright, you’ll likely qualify for more favourable rates than someone with just 10% equity.
Key takeaway: the lower your loan-to-value (LTV), the better your mortgage rate.
Self-Employed or a Contractor Inside or Outside IR35? You’re in Good Hands
At Broadbench, we understand that self-employed professionals and contractors often face more hurdles when applying for a mortgage. We help you present your income clearly — whether through business accounts, tax returns, or umbrella payslips — so lenders understand your true financial position.
✔️ We work with lenders that specialise in contractor-friendly and self-employed mortgages
✔️ We help you prepare the right documents, so your case is strong from the start
✔️ We know how to match you with lenders who are more likely to say yes
Even if you’ve recently gone freelance or have multiple income sources, we’re here to help you make it work.
Why Use Broadbench Mortgage Advisers?
With so many lenders and products on the market, it’s easy to feel overwhelmed. That’s where we come in.
✅ Whole-of-market access – We scan the full market, including broker-only deals
✅ Expert matching – We know which lenders are contractor/self-employed friendly
✅ Stress-free support – We handle the paperwork and manage the process for you
✅ 5-Star Rated – Our clients consistently rate us as Excellent on Trustpilot ⭐⭐⭐⭐⭐
Whether you’re looking for lower payments, more flexibility, or to release equity — we can guide you to the best solution for your circumstances.
Ready to Explore Your Remortgage Options?
Your mortgage should work for you — not the other way around. Whether you’re a business owner, a contractor, or a PAYE employee, we’ll help you find the perfect remortgage deal.
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