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 have retained a mortgage adviser concerning my remortgage because I have just won a fixed term contract of 3 years (a finacial contractor). My contract begin date last year. I am seeking a 5 year fixed rate mortgage. Property worth 165K, I want to borrow 132K. I bought the property four years ago for 138K and I currently owe 120K to LendInvest
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 125k contractor mortgage with a lender such as LendInvest?
Myself and my husband are currently about to apply for a mortgage with LendInvest. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with LendInvest in my husband’s sole name?
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.
I have no idea whether LendInvest grant contractor mortgages but in the event that they do how does a LendInvest contractor mortgage differ from a standard home loan?
The above information is in relation to properties in England and Wales.
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