Bluestone Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bluestone Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bluestone Mortgages 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, 18 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around March time. My query is, will Bluestone Mortgages even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Bluestone Mortgages. Am I best advised to contact Bluestone Mortgages directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Bluestone Mortgages.
As contractor looking for a mortgage with Bluestone Mortgages will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
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?
My research online suggests that banks and building societies mostly consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Bluestone Mortgages.
The above information covers to properties in England and Wales.
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