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 an IFA concerning my remortgage because I have just won a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date last year. I am looking for a three year fixed rate deal. Property worth 165K, I want to borrow 132K. I purchased the property three years ago for 138K and I currently owe 115k to The Mortgage Lender
Myself and my husband are currently about to apply for a mortgage with The Mortgage Lender. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with The Mortgage Lender in my husband’s sole name?
Notwithstanding that I am a contractor (freelance journalist) 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 ?
Is it true that The Mortgage Lender quote higher interest rates in respect of mortgages for contractors?
Could a contractor mortgage with The Mortgage Lender be a better option for me than a standard The Mortgage Lender mortgage ?
The content set out above is in relation to properties in England and Wales.
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