Molo Finance Buy to Let Contractor Mortgages - Help and FAQs

I am seeking some mortgage advice. I am currently an engineering contractor, One year into a three year contract. the chances of me being moved onto a permanent contract are slim. My question is, will Molo Finance Buy to Let even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?

I have retained a mortgage adviser 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 started date this year. I am looking for a three year fixed rate mortgage. Property value £325k, I want to borrow 132K. I bought the property three years ago for 138K and I currently owe 115k to Molo Finance Buy to Let

I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 85k contractor mortgage with a lender such as Molo Finance Buy to Let?

What criteria does a mortgage lender (for example Molo Finance Buy to Let) adopt to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?

I am finding the process of looking for a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.