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 been dealing with a mortgage adviser concerning my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract started date earlier this year. I am seeking a 5 year fixed rate deal. Property worth 165K, 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.
As contractor looking for a mortgage with Landbay Partners will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Going through the contractor mortgage process to move to a buy to let with a new bank. All documents done and submitted. Received a call from the lender to say they can't move forward with process unless my current manager writes me a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
How can I make myself more attractive to a lender such as Landbay Partners when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The above information covers to properties in England and Wales.
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