Barclays plc Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Barclays plc offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Barclays plc 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 Barclays plc) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
I am finding the process of looking for a contractor mortgage very frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
How can I make myself more attractive to a lender such as Barclays plc 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 (IT consultant) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for Barclays plc.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 Barclays plc