Halifax Loans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Halifax Loans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Halifax 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 a finacial contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Halifax Loans. Am I best advised to contact Halifax Loans directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Halifax Loans.
Me and and my wife are soon to submit for our first mortgage application with Halifax Loans. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Halifax Loans in my wife’s sole name?
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?
I understand that for some mortgage companies ‘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. In particular I have my eye on a mortgage deal with Halifax Loans
My research online indicates that banks and building societies mostly view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Halifax Loans to offer funds on the more realistic basis of my contracted rate.
The content set out above is in relation to properties in England and Wales.
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