If you are self employed then the mortgages for contractors have become one of the best ways to finance a business or to possess a home. The percentage of the security is usually a hundred and fifty. You can choose from a great list of banks or financial institutions that offer money in exchange for security. Through all the institutions and take the options they propose and it can take a lot of time to go.

During the last few years a large campaign has started using the internet. At first the comparison started in the chat rooms and forums. The people themselves started to exchange information about their attempts and problems while taking contractor mortgages. Later on a lot of consulting companies built web sites and submitted a comparison of the conditions of the banks for the attention of the audience. The information in these sites is updated frequently and whenever someone takes an interest in looking for a loan he/she can rely on adequate and proper information.

These web sites are very secure full because every new mortgage offer appears on the same day in front of the users. In order for people to remain informed of their survival, the companies that present this kind of service spend a lot of money in TV advertising and email marketing in order to drum up more trade.

In fact this is the moderate and easy way to compare the deals available on the market. This is a benefit for both the banks and the public. To access such sites you simply write "mortgages for contractors" or "contractor mortgages" and you will have the whole list of web sites that offer their consultancy services. The mortgage calculator can also help you a lot. There are several parts which you have to complete:

• Purpose – information about what reason you will use the money for – remortgage/ purchase. If you have an existing loan and you want to take out another one to discharge fresh money, you should select the remortgage alternative. If you want to buy a property then pick "purchase".

• If your purpose is remortgage then you will have to write the reason

• Type – Buy to Let/Residential

• Repayment method – the way you prefer to pay. You have four options: Part to part, Pure Interest only, Interest Only with Repayment, Repayment.

• Mortgage term – the period over which you want to take the mortgage

• The Loan Amount

• Deposit

The mortgage calculator is the fastest way to check your ability to pay. This is the first thing you have to complete before taking the decision for the option of "contractor mortgages". It will be your first insight into the financial part and will give you clarity on the question about mortgages for contractors.