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 am seeking some mortgage advice. I am currently on a grad scheme, 18 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around March time. So I suppose my question is, will MPowered Mortgages even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is the situation with contractor mortgages and MPowered Mortgages? I am a contractor but my OH has a permanent job. Will MPowered Mortgages take my salary were we to make a joint application?
I am an IT contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally with MPowered Mortgages. Should I contact MPowered Mortgages directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and MPowered Mortgages.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
Is it correct that that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with MPowered Mortgages.
The above information is in relation to properties in England and Wales.
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