Britannia Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Britannia offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Britannia and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a mortgage adviser concerning my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract started date earlier this year. I am looking for a 5 year fixed rate deal. Property worth £325k, I want to borrow £150,000. I bought the property four years ago for 138K and I currently owe 115k to Britannia
I am a finacial contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Britannia. Should I contact Britannia directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Britannia.
As contractor looking for a mortgage with Britannia 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.
How can I make myself more attractive to a lender such as Britannia when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
As a contractor (freelance journalist) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for Britannia.I am not convinced that my broker is correct.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Britannia