Fleet Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Fleet Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Fleet Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently a finacial contractor, One year into a two contract. the chances of me being moved onto a permanent contract are slim. So I suppose my query is, will Fleet Mortgages even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Fleet Mortgages
Is it true that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Fleet Mortgages.
I am lead to believe that mortgage lenders in the main view 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 paint an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Fleet Mortgages.
I don't know if Fleet Mortgages are in the business of issuing contractor mortgages but if they do how does a Fleet Mortgages contractor mortgage differ from a traditional home loan?
The content set out above is in relation to properties in England and Wales.
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