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, 18 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around June time. 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 mortgage adviser regarding my remortgage because I have just won a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date this year. I am seeking a five year fixed rate deal. Property worth £325k, I want to borrow £150,000. I purchased the property three years ago for 138K and I currently owe 115k to LendInvest
What is the situation with contractor mortgages and LendInvest? I am a contractor but my partner has a permanent job. Will LendInvest take my salary were we to make an application in both our names?
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 95k contractor mortgage with a lender such as LendInvest?
Notwithstanding that I am a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do LendInvest even grant mortgages to contactors ?
The above information is in relation to properties in England and Wales.
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