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 seeking some mortgage advice. I am currently on a grad scheme, 18 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around December time. So I suppose my query is, will Pepper Money even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a broker concerning my remortgage because I am on a fixed term contract of two years (an engineering contractor). My contract started date earlier this year. I am seeking a 5 year fixed rate deal. Property worth £325k, I want to borrow £150,000. I purchased the property four years ago for £220,500 and I currently owe 115k to Pepper Money
What criteria does a mortgage lender (for example Pepper Money) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Myself and my husband are currently about to apply for a mortgage with Pepper Money. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Pepper Money in my husband’s sole name?
Could a contractor mortgage with Pepper Money be a better option for me than a traditional Pepper Money mortgage ?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Pepper Money