Kensington Mortgage Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Kensington Mortgage offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Kensington Mortgage and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with a mortgage adviser regarding my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract begin date this year. I am looking for a five year fixed rate mortgage. Property value £325k, I want to borrow 132K. I purchased the property three years ago for £157,000 and I currently owe 120K to Kensington Mortgage
I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage ideally from Kensington Mortgage. Would it be wise to contact Kensington Mortgage directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Kensington Mortgage.
How can I make myself more attractive to a lender such as Kensington Mortgage 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 well aware that the days of self-certification contractor mortgages are long gone. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Kensington Mortgage
If I reveal to Kensington Mortgage that I’m contracting, will they charge me a higher rate on my mortgage?
The above information is in relation to properties in England and Wales.
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