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 am on 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 earlier this year. I am looking for a five year fixed rate deal. Property worth 165K, I want to borrow £150,000. I bought the property three years ago for £157,000 and I currently owe 165k to Magellan Homeloans
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract prior to the end of my set term? Would this assist in applying for a mortgage with lend
I am a media contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with Magellan Homeloans. Am I best advised to contact Magellan Homeloans directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Magellan Homeloans.
As contractor looking for a mortgage with Magellan Homeloans will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Could a contractor mortgage with Magellan Homeloans be a better option for me than a standard Magellan Homeloans mortgage ?
The content set out above is in relation to properties in England and Wales.
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