Precise Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Precise Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Precise Mortgages 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 mortgage adviser regarding my remortgage because I have just won a fixed term contract of 3 years (an engineering contractor). My contract started date last year. I am looking for a five year fixed rate deal. Property value 165K, I want to borrow £150,000. I bought the property three years ago for £157,000 and I currently owe 120K to Precise Mortgages
I am a freelance contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company clarifying that I will be transferred onto a permanent contract before the expiry of my set term? Would this assist in applying for a mortgage with lend
I am well aware that the days of self-certification contractor mortgages are long gone. 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 Precise Mortgages
Is it correct that Precise Mortgages quote higher interest rates when it comes to mortgages for contractors?
I don't know whether Precise Mortgages are in the business of issuing contractor mortgages but in the event that they do how does a Precise Mortgages contractor mortgage differ from a traditional home loan?
The above information covers to properties in England and Wales.
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