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.
What is current approach to contractor mortgages and Fleet Mortgages? I am a contractor but my OH has a permanent job. Will Fleet Mortgages take my salary should we make an application in both our names?
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 Fleet Mortgages?
Do any sections of the CML Lender's Handbook stipulate the requirements for Fleet Mortgages when it comes to contractor mortgages or self-employed mortgages.
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Fleet Mortgages
I am lead to believe that mortgage lenders generally consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Fleet Mortgages to offer funds on the more realistic basis of my contracted rate.
The above information covers to properties in England and Wales.
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