Rooftop Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Rooftop Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Rooftop 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 mortgage adviser concerning my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract begin date earlier this year. I am looking for a 5 year fixed rate mortgage. Property worth £325k, I want to borrow £150,000. I bought the property four years ago for £220,500 and I currently owe 120K to Rooftop Mortgages
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Rooftop Mortgages in his name using our joint deposit and for me to be added at a later date?
What criteria does a mortgage lender (for example Rooftop Mortgages) use to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Rooftop Mortgages.
Could a contractor mortgage with Rooftop Mortgages be a better option for me than a traditional Rooftop Mortgages mortgage ?
The content set out above covers to properties in England and Wales.
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