Zephyr Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Zephyr Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Zephyr Mortgages 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 an IFA regarding my remortgage because I have just won a fixed term contract of two years (a finacial contractor). My contract started date last year. I am seeking a five year fixed rate deal. Property value £200,000, I want to borrow 132K. I purchased the property four years ago for 138K and I currently owe 120K to Zephyr Mortgages
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with Zephyr Mortgages. Would it be wise to contact Zephyr Mortgages directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Zephyr Mortgages.
Do any sections of the CML Lender's Handbook stipulate the requirements for Zephyr Mortgages when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Zephyr Mortgages) use to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
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?
The above information is in relation to properties in England and Wales.
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