Vida Homeloans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Vida Homeloans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Vida Homeloans and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
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 75k contractor mortgage with a lender such as Vida Homeloans?
Do any sections of the CML Lender's Handbook stipulate the requirements for Vida Homeloans when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Vida Homeloans 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.
Myself and my husband are currently about to apply for a mortgage with Vida Homeloans. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Vida Homeloans in my husband’s name alone?
Even though I am a contractor (IT consultant) do I really need to produce at least six months of both business and personal bank statements as part of the vetting process for Vida Homeloans.I am not convinced that my broker is correct.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Vida Homeloans