Fleet Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Fleet Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Fleet Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a mortgage adviser concerning my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date earlier this year. I am seeking a three year fixed rate deal. Property value £325k, I want to borrow 132K. I bought the property four years ago for 138K and I currently owe 115k to Fleet Mortgages
What is the situation with contractor mortgages and Fleet Mortgages? I am a contractor but my partner has a permanent job. Will Fleet Mortgages take my salary if we make a joint application?
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 125k contractor mortgage with a lender such as Fleet Mortgages?
As 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 due diligence process for Fleet Mortgages.I am not convinced that my broker is correct.
I am lead to believe that banks and building societies in the main view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by maximising use of the expertise and contacts they have built up.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Fleet Mortgages