Hinckley and Rugby Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Hinckley and Rugby offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Hinckley and Rugby and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What criteria does a mortgage lender (for example Hinckley and Rugby) adopt to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
I am finding the process of trying to obtain a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
How can I make myself more attractive to a lender such as Hinckley and Rugby when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
As a contractor (IT consultant) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Hinckley and Rugby.I am not convinced that my broker is correct.
Is it correct that Hinckley and Rugby quote higher interest rates in respect of mortgages for contractors?
The content set out above covers to properties in England and Wales.
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