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 have retained a broker regarding my remortgage because I am on a fixed term contract of 3 years (a finacial contractor). My contract started date this year. I am seeking a three year fixed rate deal. Property value 165K, I want to borrow 132K. I bought the property three years ago for £220,500 and I currently owe 165k to 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 85k contractor mortgage with a lender such as Pepper Money?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All documents done and submitted. Received a call from the lender to say they can't move ahead with application unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any advice?
My research online suggests that mortgage lenders mostly view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Pepper Money.
I don't know whether Pepper Money are in the business of issuing contractor mortgages but if they do how does a Pepper Money contractor mortgage differ from a standard home loan?
The content set out above is in relation to properties in England and Wales.
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