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.
I am looking for some mortgage advice. I am currently on a grad scheme, 18 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around March time. My query is, will Hinckley and Rugby even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained an IFA regarding my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract started date this year. I am looking for a three year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I purchased the property four years ago for £220,500 and I currently owe 115k to Hinckley and Rugby
As contractor looking for a mortgage with Hinckley and Rugby will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All documents done and sent. Received a call from the lender to say they can't move forward 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?
I am finding the process of looking for a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
The content set out above is in relation to properties in England and Wales.
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