LendInvest Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether LendInvest offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about LendInvest and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently an IT contractor, One year into a two contract. However, I'm unlikely to be moved onto a permanent contract until around December time. My question is, will LendInvest even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 85k contractor mortgage with a lender such as LendInvest?
Do any sections of the CML Lender's Handbook set out the requirements for LendInvest when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example LendInvest) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
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 LendInvest
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