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 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 prior to the end of my set term? Would this help my cause when applying for a mortgage with lend
What criteria does a mortgage lender (for example Mortgage Express (No 2)) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and submitted. Received a call from the lender to say they can't move ahead with process unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
Myself and my husband are currently about to apply for a mortgage with Mortgage Express (No 2). Next month I commence working as a contractor. My husband is full time employed and so does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Mortgage Express (No 2) in my husband’s sole name?
I am lead to believe that banks and building societies in the main view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Mortgage Express (No 2).
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Mortgage Express (No 2)