LiveMore Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether LiveMore offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about LiveMore 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 on a grad scheme, 12 months into a three year contract. the chances of me being moved onto an employed basis are slim. So I suppose my query is, will LiveMore even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Do any sections of the CML Lender's Handbook stipulate the requirements for LiveMore when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example LiveMore) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Myself and my husband are currently about to apply for a mortgage with LiveMore. 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 LiveMore in my husband’s sole name?
Is it correct that LiveMore quote higher interest rates when it comes to mortgages for contractors?
The content set out above is in relation to properties in England and Wales.
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