JPMorgan Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether JPMorgan offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about JPMorgan 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 2 contract. the chances of me being moved onto a permanent contract are slim. So I suppose my question is, will JPMorgan even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Does the CML Lender's Handbook set out the requirements for JPMorgan when it comes to contractor mortgages or self-employed mortgages.
I understand that for some mortgage companies ‘contractors’ can be a red flag to their lending decision. 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 JPMorgan
I am lead to believe that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to validate 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 persuade lenders such as JPMorgan to offer funds on the more realistic basis of my contracted rate.
Could a contractor mortgage with JPMorgan be a better option for me than a standard JPMorgan mortgage ?
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from JPMorgan