Molo Finance Buy to Let Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Molo Finance Buy to Let offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Molo Finance Buy to Let and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently on a grad scheme, One year into a 2 contract. the chances of me being moved onto a permanent contract are slim. My question is, will Molo Finance Buy to Let even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
As contractor looking for a mortgage with Molo Finance Buy to Let 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 Molo Finance Buy to Let when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Is it true that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with Molo Finance Buy to Let.
Could a contractor mortgage with Molo Finance Buy to Let be a better option for me than a traditional Molo Finance Buy to Let mortgage ?
The content set out above covers to properties in England and Wales.
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