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 retained an IFA concerning my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date this year. I am looking for a five year fixed rate mortgage. Property worth 165K, I want to borrow £150,000. I bought the property three years ago for £157,000 and I currently owe 115k to Halifax Loans
I am a freelance contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract prior to the expiry of my set term? Would this assist in applying for a mortgage with lend
What criteria does a mortgage lender (for example Halifax Loans) use to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All documents done and sent. Received communication from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
Is it correct that that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Halifax Loans.
The content set out above covers to properties in England and Wales.
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