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 an engineering contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally from Platform. Would it be wise to contact Platform directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Platform.
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 95k contractor mortgage with a lender such as Platform?
What criteria does a mortgage lender (for example Platform) adopt to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
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 an accountant, and so does have a healthy salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
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.
The above information is in relation to properties in England and Wales.
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