The Mortgage Lender Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether The Mortgage Lender offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about The Mortgage Lender and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a mortgage adviser regarding my remortgage because I have just won a fixed term contract of four years (a media contractor). My contract started date this year. I am looking for a 5 year fixed rate deal. Property worth 165K, I want to borrow 132K. I bought the property three years ago for 138K and I currently owe 165k to The Mortgage Lender
What is current approach to contractor mortgages and The Mortgage Lender? I am a contractor but my OH has a permanent job. Will The Mortgage Lender take my salary should we make a joint application?
I am Oil & Gas contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably from The Mortgage Lender. Am I best advised to contact The Mortgage Lender directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and The Mortgage Lender.
I am finding the process of trying to obtain a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
As a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do The Mortgage Lender even grant mortgages to contactors ?
The content set out above covers to properties in England and Wales.
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