Foundation Home loans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Foundation Home loans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Foundation 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 am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with Foundation Home loans. Should I contact Foundation Home loans directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Foundation Home loans.
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 75k contractor mortgage with a lender such as Foundation Home loans?
What criteria does a mortgage lender (for example Foundation Home loans) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
Could a contractor mortgage with Foundation Home loans be a better option for me than a standard Foundation Home loans mortgage ?
The above information is in relation to properties in England and Wales.
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