St James Place Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether St James Place offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about St James Place and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and St James Place? I am a contractor but my OH has a permanent job. Will St James Place take my salary should we make an application in both our names?
I am an engineering contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably from St James Place. Should I contact St James Place directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and St James Place.
What criteria does a mortgage lender (for example St James Place) adopt 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?
As contractor looking for a mortgage with St James Place will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
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 communication from the lender to say they can't move forward with process unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
The content set out above covers to properties in England and Wales.
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