Rooftop Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Rooftop Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Rooftop Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Rooftop Mortgages. Would it be wise to contact Rooftop Mortgages directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Rooftop Mortgages.
What criteria does a mortgage lender (for example Rooftop Mortgages) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received a call from the lender to say they can't move ahead with process unless my current manager issues a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. 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 Rooftop Mortgages
I am lead to believe that mortgage lenders generally view contractors as high risk applicants; so require 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 mortgage broker utilise bespoke underwriting with lenders such as Rooftop Mortgages.
The above information covers to properties in England and Wales.
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