Landmark Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Landmark offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Landmark 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 a mortgage adviser regarding my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract begin date this year. I am seeking a 5 year fixed rate deal. Property worth £325k, I want to borrow £150,000. I bought the property four years ago for 138K and I currently owe 165k to Landmark
I am a finacial contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally with Landmark. Should I contact Landmark directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Landmark.
What criteria does a mortgage lender (for example Landmark) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
How can I make myself more attractive to a lender such as Landmark when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I am well aware that the days of self-certification contractor mortgages are long gone. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Landmark
The content set out above covers to properties in England and Wales.
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