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.
What is the situation with contractor mortgages and Precise Mortgages? I am a contractor but my husband has a permanent job. Will Precise Mortgages take my salary were we to make an application in both our names?
Does the CML Lender's Handbook stipulate the requirements for Precise Mortgages when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Precise Mortgages 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.
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 ?
If I inform Precise Mortgages that I’m contracting, will they charge me a higher rate on my home loan?
The content set out above covers to properties in England and Wales.
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