Magellan Homeloans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Magellan Homeloans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Magellan Homeloans and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with a broker regarding my remortgage because I have just won a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date last year. I am seeking a three year fixed rate deal. Property value £325k, I want to borrow £150,000. I purchased the property 3 years ago for £157,000 and I currently owe 120K to Magellan Homeloans
For two years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Magellan Homeloans in his name using our joint deposit and for me to be added at a later date?
What is current approach to contractor mortgages and Magellan Homeloans? I am a contractor but my partner has a permanent job. Will Magellan Homeloans take my salary should we make an application in both our names?
I am an IT contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally with Magellan Homeloans. Would it be wise to contact Magellan Homeloans directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Magellan Homeloans.
Could a contractor mortgage with Magellan Homeloans be a better option for me than a traditional Magellan Homeloans mortgage ?
The above information is in relation to properties in England and Wales.
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