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 am an engineering contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with Lloyds. Would it be wise to contact Lloyds directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Lloyds.
Does the CML Lender's Handbook set out the requirements for Lloyds when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Lloyds) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Me and and my wife are soon to submit for our first mortgage application with Lloyds. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with Lloyds in my wife’s name only?
As a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Lloyds even grant mortgages to contactors ?
The content set out above is in relation to properties in England and Wales.
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