Barclays plc Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Barclays plc offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Barclays plc and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Barclays plc? I am a contractor but my husband has a permanent job. Will Barclays plc take my salary were we to make an application in both our names?
I am a finacial contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Barclays plc. Am I best advised to contact Barclays plc directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Barclays plc.
As contractor looking for a mortgage with Barclays plc will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Myself and my husband are currently about to apply for a mortgage with Barclays plc. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with Barclays plc in my husband’s sole name?
I am lead to believe that banks and building societies in the main view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Barclays plc to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
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