Whistletree Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Whistletree offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Whistletree and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently an engineering contractor, 12 months into a 2 contract. the chances of me being moved onto a permanent contract are slim. So I suppose my question is, will Whistletree even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Does the CML Lender's Handbook set out the requirements for Whistletree when it comes to contractor mortgages or self-employed mortgages.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received communication from the lender to say they can't move ahead 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?
Me and and my wife are soon to submit for our first mortgage application with Whistletree. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Whistletree in my wife’s name alone?
I am lead to believe that banks and building societies mostly view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker utilise bespoke underwriting with lenders such as Whistletree.
The content set out above is in relation to properties in England and Wales.
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