Pepper Money Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Pepper Money offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Pepper Money 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 regarding my remortgage because I have just won a fixed term contract of two years (on a grad scheme). My contract started date last year. I am seeking a 5 year fixed rate mortgage. Property worth 165K, I want to borrow 132K. I bought the property four years ago for £157,000 and I currently owe 165k to Pepper Money
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract prior to the end of my set term? Would this help in applying for a mortgage with lend
What criteria does a mortgage lender (for example Pepper Money) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
As contractor looking for a mortgage with Pepper Money will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
If I tell Pepper Money that I’m contracting, will they charge me a higher rate on my home loan?
The above information covers to properties in England and Wales.
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