Whistletree Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Whistletree offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Whistletree and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently an IT contractor, 18 months into a three year contract. the chances of me being moved onto a permanent contract are slim. My question is, will Whistletree even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a broker concerning my remortgage because I am on a fixed term contract of two years (a media contractor). My contract begin date last year. I am seeking a five year fixed rate deal. Property worth £325k, I want to borrow 132K. I purchased the property three years ago for 138K and I currently owe 120K to Whistletree
What criteria does a mortgage lender (for example Whistletree) use to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
How can I make myself more attractive to a lender such as Whistletree when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Is it correct that Whistletree quote higher interest rates in respect of mortgages for contractors?
The above information covers to properties in England and Wales.
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