LiveMore Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether LiveMore offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about LiveMore 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 broker regarding my remortgage because I am on a fixed term contract of 3 years (a finacial contractor). My contract begin date this year. I am looking for a three year fixed rate deal. Property value £200,000, I want to borrow £150,000. I bought the property four years ago for £220,500 and I currently owe 115k to LiveMore
What is current approach to contractor mortgages and LiveMore? I am a contractor but my husband has a permanent job. Will LiveMore take my salary were we to make an application in both our names?
Does the CML Lender's Handbook set out the requirements for LiveMore when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example LiveMore) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
I am finding the process of looking for a contractor mortgage extremely frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
The content set out above is in relation to properties in England and Wales.
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