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 retained a mortgage adviser regarding my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract started date earlier this year. I am seeking a three year fixed rate mortgage. Property worth 165K, I want to borrow 132K. I bought the property 3 years ago for £157,000 and I currently owe 165k to Kensington Mortgage
Does the CML Lender's Handbook set out the requirements for Kensington Mortgage when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Kensington Mortgage) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
I'm an engineering contractor, according to my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of being able to borrow 195k via a contractor mortgage with Meliden
I have no idea whether Kensington Mortgage are in the business of issuing contractor mortgages but if they do how does a Kensington Mortgage contractor mortgage differ from a traditional home loan?
The above information is in relation to properties in England and Wales.
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