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 have retained a broker concerning my remortgage because I have just won 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 started date this year. I am seeking a 5 year fixed rate mortgage. Property value £200,000, I want to borrow 132K. I bought the property three years ago for 138K and I currently owe 165k to Whistletree
I am a freelance contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract before the end of my set term? Would this help in applying for a mortgage with lend
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 Whistletree?
Do any sections of the CML Lender's Handbook set out the requirements for Whistletree when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Whistletree) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
The above information is in relation to properties in England and Wales.
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