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 been dealing with an IFA concerning my remortgage because I have just won a fixed term contract of two years (an engineering contractor). My contract begin date this year. I am looking for a five year fixed rate deal. Property worth 165K, I want to borrow 132K. I bought the property four years ago for £220,500 and I currently owe 115k to Precise Mortgages

I am a self employed 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 moved onto a permanent contract prior to the end of my set term? Would this assist in applying for a mortgage with lend

What is the situation with contractor mortgages and Precise Mortgages? I am a contractor but my husband has a permanent job. Will Precise Mortgages take my salary should we make an application in both our names?

Does the CML Lender's Handbook set out the requirements for Precise Mortgages when it comes to contractor mortgages or self-employed mortgages.

I am finding the process of looking for a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.

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