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.
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 Britannia in his name using our joint deposit and for me to be added at a later date?
What is the situation with contractor mortgages and Britannia? I am a contractor but my husband has a permanent job. Will Britannia take my salary should we make an application in both our names?
I am a media contractor looking to buy a home in London. My next step is to secure a mortgage preferably with Britannia. Should I contact Britannia directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Britannia.
Does the CML Lender's Handbook set out the requirements for Britannia when it comes to contractor mortgages or self-employed mortgages.
I am lead to believe that mortgage lenders generally consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs persuade lenders such as Britannia to offer funds on the more realistic basis of my contracted rate.
The above information covers to properties in England and Wales.
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