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’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 125k contractor mortgage with a lender such as Mortgage Express (No 2)?
What criteria does a mortgage lender (for example Mortgage Express (No 2)) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Myself and my fiance are currently about to apply for our first mortgage with Mortgage Express (No 2). However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a good salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
Even though I am a contractor (IT consultant) is it necessary for me to produce at least six months of both business and personal bank statements as part of the vetting process for Mortgage Express (No 2).I am not convinced that my broker is correct.
Could a contractor mortgage with Mortgage Express (No 2) be a better option for me than a standard Mortgage Express (No 2) mortgage ?
The content set out above covers to properties in England and Wales.
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