Halifax Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Halifax offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Halifax 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 Halifax? I am a contractor but my husband has a permanent job. Will Halifax take my salary if we make an application in both our names?
Does the CML Lender's Handbook set out the requirements for Halifax when it comes to contractor mortgages or self-employed mortgages.
How can I make myself more attractive to a lender such as Halifax when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I am lead to believe that banks and building societies in the main consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering 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 Halifax.
Could a contractor mortgage with Halifax be a better option for me than a standard Halifax mortgage ?
The above information is in relation to properties in England and Wales.
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