JPMorgan Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether JPMorgan offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about JPMorgan 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 an IFA regarding my remortgage because I have just won a fixed term contract of 3 years (a media contractor). My contract started date last year. I am looking for a 5 year fixed rate mortgage. Property value £200,000, I want to borrow 132K. I purchased the property four years ago for £220,500 and I currently owe 115k to JPMorgan
What is the situation with contractor mortgages and JPMorgan? I am a contractor but my hubby has a permanent job. Will JPMorgan take my salary were we to make a joint application?
What criteria does a mortgage lender (for example JPMorgan) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and submitted. Received a call from the lender to say they can't move ahead with application unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
I am lead to believe that mortgage lenders in the main consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs persuade lenders such as JPMorgan to offer funds on the more realistic basis of my contracted rate.
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