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 looking for some mortgage advice. I am currently an IT contractor, 12 months into a two contract. the chances of me being moved onto an employed basis are slim. My query is, will Rooftop Mortgages even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Do any sections of the CML Lender's Handbook set out the requirements for Rooftop Mortgages when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Rooftop Mortgages) adopt to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Myself and my husband are currently about to apply for a mortgage with Rooftop Mortgages. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Rooftop Mortgages in my husband’s name only?
How can I make myself more attractive to a lender such as Rooftop Mortgages when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The above information covers to properties in England and Wales.
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