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 have been dealing with a broker concerning my remortgage because I am on a fixed term contract of 3 years (a finacial contractor). My contract started date earlier this year. I am looking for a 5 year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I bought the property four years ago for £157,000 and I currently owe 115k to The Mortgage Lender
Do any sections of the CML Lender's Handbook stipulate the requirements for The Mortgage Lender when it comes to contractor mortgages or self-employed mortgages.
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 am well aware that the days of self-certification contractor mortgages are a thing of the past. 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 The Mortgage Lender
Is it correct that that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with The Mortgage Lender.
The content set out above covers to properties in England and Wales.
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