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.
What is the situation with contractor mortgages and LendInvest? I am a contractor but my partner has a permanent job. Will LendInvest take my salary if we make a joint application?
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.
Going through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
How can I make myself more attractive to a lender such as LendInvest when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I am lead to believe that banks and building societies generally consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as LendInvest to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
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