Platform Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Platform offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Platform and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA regarding my remortgage because I am on a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am looking for a five year fixed rate deal. Property worth £325k, I want to borrow 132K. I bought the property 3 years ago for 138K and I currently owe 165k to Platform
I am an IT contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Platform. Am I best advised to contact Platform directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Platform.
Do any sections of the CML Lender's Handbook set out the requirements for Platform when it comes to contractor mortgages or self-employed mortgages.
Myself and my fiance are currently about to apply for our first mortgage with Platform. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a good incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
I understand that for some banks ‘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. I am particularly interested in a mortgage deal with Platform
The content set out above is in relation to properties in England and Wales.
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