Capital Home Loans Contractor Mortgages - Help and FAQs

I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Capital Home Loans. Am I best advised to contact Capital Home Loans directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Capital Home Loans.

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 95k contractor mortgage with a lender such as Capital Home Loans?

What criteria does a mortgage lender (for example Capital Home Loans) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?

in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and submitted. Received communication 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 be prolonged and when new end date will be. Any thoughts?

I am lead to believe that banks and building societies mostly consider contractors as high risk applicants; so demand 3 years’ accounts to validate 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 IFAs remove the hassle by maximising use of the expertise and contacts they have built up.