The Mortgage Lender Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether The Mortgage Lender offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about The Mortgage Lender and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a finacial contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with The Mortgage Lender. Should I contact The Mortgage Lender directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and The Mortgage Lender.
Do any sections of the CML Lender's Handbook set out the requirements for The Mortgage Lender when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example The Mortgage Lender) adopt to categorise a borrower 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 The Mortgage Lender when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I have no idea whether The Mortgage Lender are in the business of issuing contractor mortgages but if they do how does a The Mortgage Lender contractor mortgage differ from a traditional mortgage?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from The Mortgage Lender