Kent Reliance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Kent Reliance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Kent Reliance and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA regarding my remortgage because I am on 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 this year. I am seeking a five year fixed rate deal. Property worth £200,000, I want to borrow £150,000. I bought the property 3 years ago for £220,500 and I currently owe 165k to Kent Reliance
I am a freelance contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company clarifying that I will be transferred onto a permanent contract before the expiry of my set term? Would this help in applying for a mortgage with lend
I understand that for some banks ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Kent Reliance
Even though I am a contractor (freelance journalist) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for Kent Reliance.I am not convinced that my broker is correct.
Is it true that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Kent Reliance.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Kent Reliance