MPowered Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether MPowered Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about MPowered Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with an IFA concerning my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date this year. I am seeking a three year fixed rate deal. Property value 165K, I want to borrow 132K. I purchased the property four years ago for £157,000 and I currently owe 165k to MPowered Mortgages
What is the situation with contractor mortgages and MPowered Mortgages? I am a contractor but my OH has a permanent job. Will MPowered Mortgages take my salary if we make an application in both our names?
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from MPowered Mortgages. Am I best advised to contact MPowered Mortgages directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and MPowered Mortgages.
Does the CML Lender's Handbook stipulate the requirements for MPowered Mortgages when it comes to contractor mortgages or self-employed mortgages.
I understand that for some banks ‘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. In particular I have my eye on a mortgage deal with MPowered Mortgages
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from MPowered Mortgages