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 am seeking some mortgage advice. I am currently on a grad scheme, 12 months into a two contract. the chances of me being moved onto an employed basis are slim. So I suppose my question is, will Landmark even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
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 Landmark in his name using our joint deposit and for me to be added at a later date?
Do any sections of the CML Lender's Handbook set out the requirements for Landmark when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Landmark) adopt to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
I'm an IT contractor, based on my accounts, my average net profit and director's salary is £65,876. I am looking to purchase a house in loc. What are the chances of borrowing 195k via a contractor mortgage with Finedon
The above information covers to properties in England and Wales.
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