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.
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Bluestone Mortgages in his name using our joint deposit and for me to be added at a later date?
What is current approach to contractor mortgages and Bluestone Mortgages? I am a contractor but my husband has a permanent job. Will Bluestone Mortgages take my salary should we make an application in both our names?
What criteria does a mortgage lender (for example Bluestone Mortgages) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
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.
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. I am particularly interested in a mortgage deal with Bluestone Mortgages
The above information covers to properties in England and Wales.
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