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 am seeking some mortgage advice. I am currently on a grad scheme, One year into a two contract. However, I'm unlikely to be moved onto a permanent contract until around March time. My question is, will Kensington Mortgage even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained an IFA regarding my remortgage because I am on a fixed term contract of four years (an IT contractor). My contract started date earlier this year. I am seeking a five year fixed rate mortgage. Property worth £200,000, I want to borrow £150,000. I bought the property four years ago for 138K and I currently owe 165k to Kensington Mortgage
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received a call from the lender to say they can't move ahead with application unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
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?
Were I to inform Kensington Mortgage that I’m contracting, will they charge me a higher rate on my home loan?
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