Mortgage Agency Services Contractor Mortgages - Help and FAQs

I am looking for some mortgage advice. I am currently an IT contractor, 18 months into a two contract. the chances of me being moved onto an employed basis are slim. My query is, will Mortgage Agency Services even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?

I have been dealing with a broker concerning my remortgage because I am on a fixed term contract of two years (an IT contractor). My contract started date last year. I am looking for a 5 year fixed rate mortgage. Property value 165K, I want to borrow £150,000. I bought the property four years ago for 138K and I currently owe 120K to Mortgage Agency Services

I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Mortgage Agency Services?

What criteria does a mortgage lender (for example Mortgage Agency Services) adopt to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?

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.