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 am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date this year. I am looking for a three year fixed rate mortgage. Property value £200,000, I want to borrow £150,000. I bought the property 3 years ago for £157,000 and I currently owe 115k to The Mortgage Lender
I am Oil & Gas contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from The Mortgage Lender. Should I contact The Mortgage Lender directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and The Mortgage Lender.
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 95k contractor mortgage with a lender such as The Mortgage Lender?
Do any sections of the CML Lender's Handbook set out the requirements for The Mortgage Lender when it comes to contractor mortgages or self-employed mortgages.
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?
The above information covers to properties in England and Wales.
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