Halifax Loans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Halifax Loans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Halifax Loans and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Halifax Loans in his name using our joint deposit and for me to be added at a later date?
Going through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and submitted. Received a call from the lender to say they can't move ahead with application unless my current manager writes me a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
Myself and my husband are currently about to apply for a mortgage with Halifax Loans. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Halifax Loans in my husband’s sole name?
How can I make myself more attractive to a lender such as Halifax Loans when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
My research online suggests that banks and building societies generally view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs persuade lenders such as Halifax Loans to offer funds on the more realistic basis of my contracted rate.
The content set out above is in relation to properties in England and Wales.
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