Capital Home Loans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Capital Home Loans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Capital Home Loans and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with a broker concerning my remortgage because I have just won a fixed term contract of two years (a media contractor). My contract started date this year. I am seeking a five year fixed rate deal. Property value 165K, I want to borrow 132K. I bought the property three years ago for 138K and I currently owe 165k to Capital Home Loans
As contractor looking for a mortgage with Capital Home Loans 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.
I am finding the process of looking for a contractor mortgage extremely frustrating. I can't seem to find any 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.
How can I make myself more attractive to a lender such as Capital Home Loans when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I have no idea if Capital Home Loans grant contractor mortgages but in the event that they do how does a Capital Home Loans contractor mortgage differ from a traditional mortgage?
The above information is in relation to properties in England and Wales.
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