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.
I have been dealing with a mortgage adviser regarding my remortgage because I am on a fixed term contract of two years (a media contractor). My contract started date earlier this year. I am looking for a five year fixed rate mortgage. Property worth 165K, I want to borrow £150,000. I bought the property four years ago for £157,000 and I currently owe 120K to Vida Homeloans
I am a self employed contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be transferred onto a permanent contract prior to the end of my set term? Would this assist in applying for a mortgage with lend
Does the CML Lender's Handbook set out the requirements for Vida Homeloans when it comes to contractor mortgages or self-employed mortgages.
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.
I don't know whether Vida Homeloans grant contractor mortgages but in the event that they do how does a Vida Homeloans contractor mortgage differ from a standard mortgage?
The content set out above is in relation to properties in England and Wales.
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