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 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 were we to make a joint application?
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.
What criteria does a mortgage lender (for example Fleet Mortgages) adopt to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
I understand that for some banks ‘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 in the main consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages remove the hassle by maximising use of the expertise and contacts they have established.
The content set out above covers to properties in England and Wales.
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