Lloyds Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Lloyds offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Lloyds and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is current approach to contractor mortgages and Lloyds? I am a contractor but my hubby has a permanent job. Will Lloyds take my salary were we to make a joint application?
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 Lloyds?
What criteria does a mortgage lender (for example Lloyds) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Myself and my husband are currently about to apply for a mortgage with Lloyds. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Lloyds in my husband’s sole name?
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Lloyds.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Lloyds