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 am a finacial 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 is used to dealing with contractors and Platform.
What criteria does a mortgage lender (for example Platform) use to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and submitted. Received a call from the lender to say they can't move ahead with process unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any advice?
How can I make myself more attractive to a lender such as Platform when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
As a contractor (HR consultant) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Platform.I am not convinced that my broker is correct.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Platform