Mortgage Express (No 2) Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Mortgage Express (No 2) offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Mortgage Express (No 2) 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 engineering contractor, 18 months into a two contract. the chances of me being moved onto a permanent contract are slim. So I suppose my question is, will Mortgage Express (No 2) even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is current approach to contractor mortgages and Mortgage Express (No 2)? I am a contractor but my hubby has a permanent job. Will Mortgage Express (No 2) take my salary if we make an application in both our names?
I am an engineering contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Mortgage Express (No 2). Would it be wise to contact Mortgage Express (No 2) directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Mortgage Express (No 2).
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. 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 thoughts?
I am lead to believe 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 an IT contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by maximising use of the expertise and contacts they have built up.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Mortgage Express (No 2)