ModaMortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether ModaMortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about ModaMortgages 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 media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably with ModaMortgages. Should I contact ModaMortgages directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and ModaMortgages.
As contractor looking for a mortgage with ModaMortgages will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
How can I make myself more attractive to a lender such as ModaMortgages when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
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 ModaMortgages
I'm an IT contractor, according to my accounts, my average net profit and director's salary is £65,876. I am looking to purchase a house in loc. What are the chances of being able to borrow 180k via a contractor mortgage with Broadstone
The above information covers to properties in England and Wales.
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