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.
I am seeking some mortgage advice. I am currently an IT contractor, One year into a three year contract. the chances of me being moved onto a permanent contract are slim. My question is, will Mortgage Agency Services even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Mortgage Agency Services) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Myself and my husband are currently about to apply for a mortgage with Mortgage Agency Services. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy salary. Is it going to be a case of just getting a non-contractor mortgage with Mortgage Agency Services in my husband’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 don't know whether Mortgage Agency Services are in the business of issuing contractor mortgages but if they do how does a Mortgage Agency Services contractor mortgage differ from a traditional mortgage?
The content set out above is in relation to properties in England and Wales.
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