Mortgage Express (No 2) Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Mortgage Express (No 2) offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Mortgage Express (No 2) and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently on a grad scheme, 12 months into a three year contract. the chances of me being moved onto an employed basis are slim. So I suppose my question is, will Mortgage Express (No 2) even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am Oil & Gas contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably with Mortgage Express (No 2). Should I contact Mortgage Express (No 2) directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Mortgage Express (No 2).
What criteria does a mortgage lender (for example Mortgage Express (No 2)) adopt to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
My wife and I are soon to submit for our first mortgage application with Mortgage Express (No 2). Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a healthy salary. Is it going to be a case of just getting a non-contractor mortgage with Mortgage Express (No 2) in my wife’s sole name?
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Mortgage Express (No 2)
The above information is in relation to properties in England and Wales.
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