Landmark Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Landmark offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Landmark and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a mortgage adviser concerning my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date this year. I am looking for a five year fixed rate mortgage. Property worth £200,000, I want to borrow 132K. I bought the property three years ago for £157,000 and I currently owe 165k to Landmark
Does the CML Lender's Handbook stipulate the requirements for Landmark when it comes to contractor mortgages or self-employed mortgages.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and submitted. Received communication from the lender to say they can't move forward with process unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any advice?
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. I am particularly interested in a mortgage deal with Landmark
Is it correct that that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with Landmark.
The above information is in relation to properties in England and Wales.
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