Magellan Homeloans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Magellan Homeloans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Magellan Homeloans and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a self employed 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 moved onto a permanent contract before the end of my set term? Would this assist my cause when applying for a mortgage with lend
I am Oil & Gas contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Magellan Homeloans. Am I best advised to contact Magellan Homeloans directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Magellan Homeloans.
As contractor looking for a mortgage with Magellan Homeloans 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.
How can I make myself more attractive to a lender such as Magellan Homeloans when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
As a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Magellan Homeloans even grant mortgages to contactors ?
The content set out above is in relation to properties in England and Wales.
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