Birmingham Midshires Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Birmingham Midshires offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Birmingham Midshires and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am an engineering contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Birmingham Midshires. Would it be wise to contact Birmingham Midshires directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Birmingham Midshires.
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Birmingham Midshires?
What criteria does a mortgage lender (for example Birmingham Midshires) adopt to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and submitted. Received a call from the lender to say they can't move ahead with process unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
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?
The above information is in relation to properties in England and Wales.
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