Barclays plc Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Barclays plc offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Barclays plc and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a media contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally from Barclays plc. Should I contact Barclays plc directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Barclays plc.
I am finding the process of trying to obtain a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
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 Barclays plc
Even though I am a contractor (IT consultant) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for Barclays plc.I am not convinced that my broker is correct.
Is it correct that Barclays plc quote higher interest rates in respect of mortgages for contractors?
The content set out above is in relation to properties in England and Wales.
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