Mortgage Agency Services Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Mortgage Agency Services offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Mortgage Agency Services and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a freelance contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract before the expiry of my set term? Would this help in applying for a mortgage with lend
Do any sections of the CML Lender's Handbook set out the requirements for Mortgage Agency Services when it comes to contractor mortgages or self-employed mortgages.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
My research online suggests that banks and building societies generally view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by maximising use of the expertise and contacts they have established.
I have no idea whether Mortgage Agency Services grant contractor mortgages but if they do how does a Mortgage Agency Services contractor mortgage differ from a traditional mortgage?
The above information is in relation to properties in England and Wales.
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