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 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 May time. My question 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 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am looking for a five year fixed rate mortgage. Property worth 165K, I want to borrow 132K. I purchased the property four years ago for £157,000 and I currently owe 165k to LendInvest
What is current approach to contractor mortgages and LendInvest? I am a contractor but my OH has a permanent job. Will LendInvest take my salary if we make a joint application?
I am a media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably from LendInvest. Would it be wise to contact LendInvest directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and LendInvest.
I am finding the process of looking for a contractor mortgage extremely frustrating. I can't seem to find any 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.
The above information covers to properties in England and Wales.
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