First Direct Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether First Direct offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about First Direct and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently on a grad scheme, 12 months into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around March time. My question is, will First Direct even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained a broker concerning my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date last year. I am seeking a three year fixed rate deal. Property worth 165K, I want to borrow £150,000. I bought the property 3 years ago for £157,000 and I currently owe 120K to First Direct
I am an IT contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably from First Direct. Would it be wise to contact First Direct directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and First Direct.
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 125k contractor mortgage with a lender such as First Direct?
I have no idea if First Direct are in the business of issuing contractor mortgages but if they do how does a First Direct contractor mortgage differ from a standard home loan?
The above information is in relation to properties in England and Wales.
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