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.
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with MPowered Mortgages in his name using our joint deposit and for me to be added at a later date?
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with MPowered Mortgages. Would it be wise to contact MPowered Mortgages directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and MPowered Mortgages.
Do any sections of the CML Lender's Handbook stipulate the requirements for MPowered Mortgages when it comes to contractor mortgages or self-employed mortgages.
I am finding the process of trying to obtain a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
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 covers to properties in England and Wales.
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