Vida Homeloans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Vida Homeloans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Vida Homeloans and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Vida Homeloans? I am a contractor but my OH has a permanent job. Will Vida Homeloans take my salary were we to make an application in both our names?
I am an engineering contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Vida Homeloans. Am I best advised to contact Vida Homeloans directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Vida Homeloans.
As contractor looking for a mortgage with Vida Homeloans will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All documents done and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. 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 Vida Homeloans
The content set out above covers to properties in England and Wales.
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