MPowered Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether MPowered Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about MPowered Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA concerning my remortgage because I am on a fixed term contract of two years (an engineering contractor). My contract started date earlier this year. I am looking for a three year fixed rate deal. Property value 165K, I want to borrow £150,000. I purchased the property three years ago for 138K and I currently owe 120K to MPowered Mortgages
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with MPowered Mortgages in his name using our joint deposit and for me to be added at a later date?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All documents done and submitted. Received communication from the lender to say they can't move forward with process unless my current manager writes me a letter confirming that my contract will definitely be prolonged and when new end date will be. Any advice?
How can I make myself more attractive to a lender such as MPowered Mortgages 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 MPowered Mortgages grant contractor mortgages but in the event that they do how does a MPowered Mortgages contractor mortgage differ from a traditional mortgage?
The above information covers to properties in England and Wales.
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