Foundation Home loans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Foundation Home loans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Foundation Home loans and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a finacial contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Foundation Home loans. Should I contact Foundation Home loans directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Foundation Home loans.
Does the CML Lender's Handbook set out the requirements for Foundation Home loans when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Foundation Home loans) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
As contractor looking for a mortgage with Foundation Home loans will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
The content set out above is in relation to properties in England and Wales.
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