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 a mortgage adviser regarding 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 five year fixed rate mortgage. Property worth 165K, I want to borrow 132K. I bought the property 3 years ago for £157,000 and I currently owe 120K to JPMorgan
I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from JPMorgan. Should I contact JPMorgan directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and JPMorgan.
As contractor looking for a mortgage with JPMorgan 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.
Were I to reveal to JPMorgan that I’m contracting, will they charge me a higher rate on my mortgage?
I have no idea if JPMorgan grant contractor mortgages but if they do how does a JPMorgan contractor mortgage differ from a traditional mortgage?
The above information is in relation to properties in England and Wales.
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