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 mortgage adviser concerning my remortgage because I have just won a fixed term contract of two years (an engineering contractor). My contract begin date last year. I am seeking a three year fixed rate mortgage. Property worth 165K, I want to borrow £150,000. I bought the property 3 years ago for £220,500 and I currently owe 120K to The Mortgage Lender
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 125k contractor mortgage with a lender such as The Mortgage Lender?
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
If I inform The Mortgage Lender that I’m contracting, will they charge me a higher rate on my home loan?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from The Mortgage Lender