LendInvest Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether LendInvest offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about LendInvest and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently a finacial contractor, 12 months into a 2 contract. the chances of me being moved onto a permanent contract are slim. So I suppose my query is, will LendInvest even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained a broker concerning my remortgage because I have just won a fixed term contract of four years (an engineering contractor). My contract begin date earlier this year. I am looking for a five year fixed rate deal. Property worth 165K, I want to borrow £150,000. I bought the property four years ago for 138K and I currently owe 115k to LendInvest
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract before the expiry of my set term? Would this assist in applying for a mortgage with lend
How can I make myself more attractive to a lender such as LendInvest when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
As a contractor (freelance journalist) is it necessary for me to produce at least six months of both business and personal bank statements as part of the vetting process for LendInvest.I am not convinced that my broker is correct.
The content set out above covers to properties in England and Wales.
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