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.
I am finding the process of trying to obtain a contractor mortgage very frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
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?
I'm a finacial contractor, based on my accounts, my average net profit and director's salary is £45,000. I am looking to purchase a house in loc. What are the chances of being able to borrow 195k by way of a contractor mortgage with Broadstone
My research online indicates that banks and building societies mostly view contractors as high risk applicants; so demand 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 broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Halifax.
I don't know whether Halifax grant contractor mortgages but in the event that they do how does a Halifax contractor mortgage differ from a standard mortgage?
The above information covers to properties in England and Wales.
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