Precise Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Precise offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Precise and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently on a grad scheme, One year into a 2 contract. the chances of me being moved onto an employed basis are slim. My query is, will Precise even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
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 95k contractor mortgage with a lender such as Precise?
What criteria does a mortgage lender (for example Precise) adopt to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
How can I make myself more attractive to a lender such as Precise when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I don't know whether Precise grant contractor mortgages but in the event that they do how does a Precise contractor mortgage differ from a traditional mortgage?
The content set out above covers to properties in England and Wales.
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