Legal & General Home Finance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Legal & General Home Finance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Legal & General Home Finance 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, 18 months into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around March time. So I suppose my question is, will Legal & General Home Finance even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Legal & General Home Finance) adopt to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All documents done and submitted. Received communication from the lender to say they can't move ahead with application unless my current manager writes me a letter confirming that my contract will definitely be prolonged and when new end date will be. Any advice?
Me and and my wife are soon to submit for our first mortgage application with Legal & General Home Finance. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with Legal & General Home Finance in my wife’s name only?
Could a contractor mortgage with Legal & General Home Finance be a better option for me than a traditional Legal & General Home Finance mortgage ?
The content set out above is in relation to properties in England and Wales.
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