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.
What is the situation with contractor mortgages and Molo Finance Buy to Let? I am a contractor but my partner has a permanent job. Will Molo Finance Buy to Let take my salary if we make a joint application?
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with Molo Finance Buy to Let. Am I best advised to contact Molo Finance Buy to Let directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Molo Finance Buy to Let.
What criteria does a mortgage lender (for example Molo Finance Buy to Let) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
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.
Going through the contractor mortgage process to move to a buy to let with a new lender. All documents done and submitted. Received communication from the lender to say they can't move ahead with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Molo Finance Buy to Let