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 self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract prior to the end of my set term? Would this assist my cause when applying for a mortgage with lend
What criteria does a mortgage lender (for example Rooftop Mortgages) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
I am lead to believe that banks and building societies generally consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Rooftop Mortgages to offer funds on the more realistic basis of my contracted rate.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Rooftop Mortgages