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 an IFA regarding my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date last year. I am seeking a five year fixed rate mortgage. Property value £325k, I want to borrow 132K. I bought the property four years ago for 138K and I currently owe 165k to The Mortgage Lender
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be transferred onto a permanent contract prior to the end of my set term? Would this help in applying for a mortgage with lend
I am finding the process of looking for a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
As a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do The Mortgage Lender even grant mortgages to contactors ?
I have no idea whether The Mortgage Lender are in the business of issuing contractor mortgages but in the event that they do how does a The Mortgage Lender contractor mortgage differ from a standard home loan?
The content set out above covers to properties in England and Wales.
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