Lloyds Contractor Mortgages - Help and FAQs

I am seeking some mortgage advice. I am currently an engineering contractor, One year into a two contract. the chances of me being moved onto a permanent contract are slim. My question is, will Lloyds even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?

I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with Lloyds. Would it be wise to contact Lloyds directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Lloyds.

My wife and I are soon to submit for our first mortgage application with Lloyds. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Lloyds in my wife’s sole name?

Even though I am a contractor (freelance journalist) is it necessary for me to produce at least six months of both business and personal bank statements as part of the vetting process for Lloyds.I am not convinced that my broker is correct.

My research online indicates that mortgage lenders mostly consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by making use of the expertise and contacts they have built up.