ModaMortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether ModaMortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about ModaMortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a mortgage adviser concerning my remortgage because I am on 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 this year. I am looking for a 5 year fixed rate deal. Property value £200,000, I want to borrow £150,000. I purchased the property three years ago for £157,000 and I currently owe 120K to ModaMortgages
For some 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 ModaMortgages in his name using our joint deposit and for me to be added at a later date?
I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage preferably with ModaMortgages. Should I contact ModaMortgages directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and ModaMortgages.
As contractor looking for a mortgage with ModaMortgages 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.
I don't know if ModaMortgages grant contractor mortgages but if they do how does a ModaMortgages contractor mortgage differ from a traditional home loan?
The above information covers to properties in England and Wales.
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