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, 12 months into a two contract. the chances of me being moved onto an employed basis are slim. My query is, will Bluestone Mortgages even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is current approach to contractor mortgages and Bluestone Mortgages? I am a contractor but my hubby has a permanent job. Will Bluestone Mortgages take my salary if we make an application in both our names?
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.
As a contractor (freelance journalist) do I really need to produce at least six months of both business and personal bank statements as part of the due diligence process for Bluestone Mortgages.I am not convinced that my broker is correct.
I am lead to believe that banks and building societies in the main consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by making use of the expertise and contacts they have established.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Bluestone Mortgages