First Direct Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether First Direct offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about First Direct 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 on a grad scheme, 12 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around December time. My query is, will First Direct even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is the situation with contractor mortgages and First Direct? I am a contractor but my OH has a permanent job. Will First Direct take my salary were we to make an application in both our names?
Myself and my husband are currently about to apply for a mortgage with First Direct. 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 First Direct in my husband’s sole name?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
Even though I am a contractor (HR consultant) is it necessary for me to supply at least six months of both business and personal bank statements as part of the due diligence process for First Direct.I am not convinced that my broker is correct.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from First Direct