First Direct Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether First Direct offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about First Direct and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently a media contractor, One year into a two contract. However, I'm unlikely to be moved onto a permanent contract until around December time. So I suppose my question is, will First Direct even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained an IFA concerning my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract begin date this year. I am looking for a three year fixed rate deal. Property worth 165K, I want to borrow £150,000. I bought the property three years ago for £220,500 and I currently owe 115k to First Direct
I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with First Direct. Should I contact First Direct directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and First Direct.
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 First Direct?
Do any sections of the CML Lender's Handbook set out the requirements for First Direct when it comes to contractor mortgages or self-employed mortgages.
The content set out above is in relation to properties in England and Wales.
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