Kensington Mortgage Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Kensington Mortgage offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Kensington Mortgage and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently on a grad scheme, 12 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around December time. My question is, will Kensington Mortgage even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Kensington Mortgage) use to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Me and and my wife are soon to submit for our first mortgage application with Kensington Mortgage. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Kensington Mortgage in my wife’s name alone?
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. I am particularly interested in a mortgage deal with Kensington Mortgage
Could a contractor mortgage with Kensington Mortgage be a better option for me than a traditional Kensington Mortgage mortgage ?
The above information is in relation to properties in England and Wales.
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