Vida Homeloans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Vida Homeloans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Vida Homeloans 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 four years (an engineering contractor). My contract started date earlier this year. I am looking for a five year fixed rate deal. Property worth £325k, I want to borrow 132K. I purchased the property 3 years ago for £220,500 and I currently owe 115k to Vida Homeloans
For two years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Vida Homeloans in his name using our joint deposit and for me to be added at a later date?
What is the situation with contractor mortgages and Vida Homeloans? I am a contractor but my partner has a permanent job. Will Vida Homeloans take my salary were we to make an application in both our names?
What criteria does a mortgage lender (for example Vida Homeloans) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All documents done and sent. Received communication from the lender to say they can't move ahead 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 is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Vida Homeloans