Molo Finance Buy to Let Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Molo Finance Buy to Let offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Molo Finance Buy to Let 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 broker concerning my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date earlier this year. I am looking for a three year fixed rate deal. Property worth £200,000, I want to borrow £150,000. I purchased the property four years ago for £220,500 and I currently owe 115k to Molo Finance Buy to Let
I am a self employed contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract before the end of my set term? Would this help my cause when applying for a mortgage with lend
What is the situation with contractor mortgages and Molo Finance Buy to Let? I am a contractor but my OH has a permanent job. Will Molo Finance Buy to Let take my salary should we make an application in both our names?
What criteria does a mortgage lender (for example Molo Finance Buy to Let) use to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
How can I make myself more attractive to a lender such as Molo Finance Buy to Let when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The above information covers to properties in England and Wales.
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