Pepper Money (UK) Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Pepper Money (UK) offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Pepper Money (UK) and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What criteria does a mortgage lender (for example Pepper Money (UK)) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
As contractor looking for a mortgage with Pepper Money (UK) 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.
My wife and I are soon to submit for our first mortgage application with Pepper Money (UK). Later this year I start working as a contractor. My wife is time employed as an accountant and does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Pepper Money (UK) in my wife’s name only?
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 peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Pepper Money (UK)
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Pepper Money (UK)