Precise Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Precise Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Precise 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 a broker regarding my remortgage because I have just won a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am looking for a 5 year fixed rate deal. Property worth £200,000, I want to borrow 132K. I bought the property 3 years ago for 138K and I currently owe 165k to Precise Mortgages
Me and and my wife are soon to submit for our first mortgage application with Precise Mortgages. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Precise Mortgages in my wife’s sole name?
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?
I understand that for some banks ‘contractors’ can be a red flag to their lending decision. 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 Precise Mortgages
Notwithstanding that I am a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Precise Mortgages even grant mortgages to contactors ?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Precise Mortgages