Lloyds Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Lloyds offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Lloyds and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with an IFA regarding my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract started date this year. I am looking for a three year fixed rate mortgage. Property value 165K, I want to borrow £150,000. I purchased the property three years ago for £157,000 and I currently owe 165k to Lloyds
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with Lloyds. Am I best advised to contact Lloyds directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Lloyds.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All documents done and sent. Received a call from the lender to say they can't move ahead with application unless my current manager writes me a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
How can I make myself more attractive to a lender such as Lloyds when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I don't know whether Lloyds grant contractor mortgages but in the event that they do how does a Lloyds contractor mortgage differ from a traditional home loan?
The above information is in relation to properties in England and Wales.
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