ModaMortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether ModaMortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about ModaMortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a broker regarding my remortgage because I have just won a fixed term contract of two years (a finacial contractor). My contract begin date earlier this year. I am looking for a three year fixed rate deal. Property value £200,000, I want to borrow 132K. I purchased the property four years ago for £157,000 and I currently owe 165k to ModaMortgages
Does the CML Lender's Handbook set out the requirements for ModaMortgages 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 lender. All documents done and sent. Received communication from the lender to say they can't move forward with application unless my current manager writes me a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with ModaMortgages
Were I to inform ModaMortgages that I’m contracting, will they charge me a higher rate on my home loan?
The above information covers to properties in England and Wales.
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