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 have been dealing with a mortgage adviser regarding my remortgage because I have just won a fixed term contract of four years (an engineering contractor). My contract started date this year. I am looking for a five year fixed rate deal. Property worth £200,000, I want to borrow 132K. I purchased the property four years ago for £157,000 and I currently owe 165k to Halifax Loans
What is current approach to contractor mortgages and Halifax Loans? I am a contractor but my partner has a permanent job. Will Halifax Loans take my salary should we make an application in both our names?
What criteria does a mortgage lender (for example Halifax Loans) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
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?
How can I make myself more attractive to a lender such as Halifax Loans when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The content set out above is in relation to properties in England and Wales.
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