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 have retained an IFA concerning my remortgage because I have just won a fixed term contract of four years (an IT contractor). My contract started date last year. I am looking for a three year fixed rate deal. Property value £200,000, I want to borrow 132K. I purchased the property 3 years ago for £220,500 and I currently owe 115k to Molo Finance Buy to Let
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.
Myself and my husband are currently about to apply for a mortgage with Molo Finance Buy to Let. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Molo Finance Buy to Let in my husband’s sole name?
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. I am particularly interested in a mortgage deal with Molo Finance Buy to Let
Notwithstanding that I am a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Molo Finance Buy to Let even grant mortgages to contactors ?
The content set out above is in relation to properties in England and Wales.
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