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 have been dealing with a broker concerning my remortgage because I have just won a fixed term contract of 3 years (on a grad scheme). My contract started date earlier this year. I am looking for a five year fixed rate deal. Property value 165K, I want to borrow £150,000. I purchased the property three years ago for £220,500 and I currently owe 165k to Barclays plc

Does the CML Lender's Handbook stipulate the requirements for Barclays plc when it comes to contractor mortgages or self-employed mortgages.

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?

How can I make myself more attractive to a lender such as Barclays plc when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.

I'm an IT contractor, based on my accounts, my average net profit and director's salary is £45,000. I am looking to purchase a house in loc. What are the chances of borrowing 180k via a contractor mortgage with Finedon

The above information covers to properties in England and Wales.

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