Mortgage Agency Services Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Mortgage Agency Services offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Mortgage Agency Services and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
Do any sections of the CML Lender's Handbook stipulate the requirements for Mortgage Agency Services when it comes to contractor mortgages or self-employed mortgages.
My wife and I are soon to submit for our first mortgage application with Mortgage Agency Services. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Mortgage Agency Services in my wife’s sole name?
How can I make myself more attractive to a lender such as Mortgage Agency Services when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I understand that for some banks ‘contractors’ can be a red flag to their lending decision. 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 Mortgage Agency Services
My research online indicates that mortgage lenders in the main consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Mortgage Agency Services.
The content set out above covers to properties in England and Wales.
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