Landbay Partners Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Landbay Partners offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Landbay Partners 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 an IFA regarding my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract started date this year. I am seeking a three year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I purchased the property 3 years ago for £220,500 and I currently owe 115k to Landbay Partners
Does the CML Lender's Handbook stipulate the requirements for Landbay Partners when it comes to contractor mortgages or self-employed mortgages.
Myself and my husband are currently about to apply for a mortgage with Landbay Partners. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy salary. Is it going to be a case of just getting a non-contractor mortgage with Landbay Partners in my husband’s name alone?
I am finding the process of trying to obtain a contractor mortgage extremely 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.
Is it true that as contractor I would require a huge deposit up to as much as 50 per cent to qualify for a mortgage with Landbay Partners.
The content set out above is in relation to properties in England and Wales.
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