Pepper Money Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Pepper Money offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Pepper Money and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a finacial contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Pepper Money. Am I best advised to contact Pepper Money directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Pepper Money.
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Pepper Money?
What criteria does a mortgage lender (for example Pepper Money) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. 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 Pepper Money
My research online indicates that mortgage lenders generally consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by maximising use of the expertise and contacts they have built up.
The content set out above is in relation to properties in England and Wales.
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