Britannia Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Britannia offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Britannia 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 IT contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Britannia. Am I best advised to contact Britannia directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Britannia.
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 Britannia?
Do any sections of the CML Lender's Handbook set out the requirements for Britannia when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Britannia) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
If I tell Britannia that I’m contracting, are they likely to charge me a higher rate on my home loan?
The above information covers to properties in England and Wales.
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