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 broker 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 started date last year. I am seeking a three year fixed rate deal. Property worth £325k, I want to borrow 132K. I bought the property three years ago for 138K and I currently owe 115k to Landmark
What is current approach to contractor mortgages and Landmark? I am a contractor but my hubby has a permanent job. Will Landmark take my salary if we make a joint application?
What criteria does a mortgage lender (for example Landmark) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
As contractor looking for a mortgage with Landmark will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Could a contractor mortgage with Landmark be a better option for me than a traditional Landmark mortgage ?
The above information is in relation to properties in England and Wales.
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