Bluestone Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bluestone Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bluestone Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Bluestone Mortgages. Should I contact Bluestone Mortgages directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Bluestone Mortgages.
What criteria does a mortgage lender (for example Bluestone Mortgages) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Myself and my fiance are currently about to apply for our first mortgage with Bluestone Mortgages. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed by the NHS as a doctor, and so does have a healthy salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
Were I to inform Bluestone Mortgages that I’m contracting, are they likely to charge me a higher rate on my mortgage?
Could a contractor mortgage with Bluestone Mortgages be a better option for me than a traditional Bluestone Mortgages mortgage ?
The above information covers to properties in England and Wales.
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