ModaMortgages Contractor Mortgages - Help and FAQs

I have retained a mortgage adviser concerning my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract started date this year. I am seeking a three year fixed rate mortgage. Property worth £200,000, I want to borrow £150,000. I purchased the property three years ago for £157,000 and I currently owe 115k to ModaMortgages

For two years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with ModaMortgages in his name using our joint deposit and for me to be added at a later date?

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 ModaMortgages?

My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?

My research online indicates that banks and building societies mostly view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as ModaMortgages.