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.
I have been dealing with a broker concerning my remortgage because I have just won a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am seeking a three year fixed rate deal. Property worth 165K, I want to borrow 132K. I bought the property 3 years ago for 138K and I currently owe 120K to Hinckley and Rugby
Do any sections of the CML Lender's Handbook stipulate the requirements for Hinckley and Rugby when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Hinckley and Rugby will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Myself and my fiance are currently about to apply for our first mortgage with Hinckley and Rugby. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as an accountant, and so does have a healthy incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
As a contractor (in the Oil & Gas industry) is it necessary for me to supply at least six months of both business and personal bank statements as part of the due diligence process for Hinckley and Rugby.I am not convinced that my broker is correct.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Hinckley and Rugby