Together Personal Finance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Together Personal Finance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Together Personal Finance and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What criteria does a mortgage lender (for example Together Personal Finance) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
How can I make myself more attractive to a lender such as Together Personal Finance when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I am well aware that the days of self-certification contractor mortgages are long gone. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Together Personal Finance
I am lead to believe that mortgage lenders in the main consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by maximising use of the expertise and contacts they have established.
Could a contractor mortgage with Together Personal Finance be a better option for me than a standard Together Personal Finance mortgage ?
The above information covers to properties in England and Wales.
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