Hinckley and Rugby Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Hinckley and Rugby offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Hinckley and Rugby and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is current approach to contractor mortgages and Hinckley and Rugby? I am a contractor but my partner has a permanent job. Will Hinckley and Rugby take my salary if we make an application in both our names?
I am a media contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Hinckley and Rugby. Would it be wise to contact Hinckley and Rugby directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Hinckley and Rugby.
What criteria does a mortgage lender (for example Hinckley and Rugby) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
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?
My research online suggests that mortgage lenders mostly consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a media contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Hinckley and Rugby.
The content set out above covers to properties in England and Wales.
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