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 seeking some mortgage advice. I am currently on a grad scheme, One year into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around December time. So I suppose my query is, will Birmingham Midshires even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a mortgage adviser concerning my remortgage because I have just won a fixed term contract of 3 years (on a grad scheme). My contract begin date earlier this year. I am seeking a three year fixed rate mortgage. Property worth £325k, I want to borrow £150,000. I bought the property three years ago for £220,500 and I currently owe 165k to Birmingham Midshires
Does the CML Lender's Handbook set out the requirements for Birmingham Midshires when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Birmingham Midshires 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 wife and I are soon to submit for our first mortgage application with Birmingham Midshires. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Birmingham Midshires in my wife’s sole name?
The content set out above is in relation to properties in England and Wales.
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