Mortgage Express Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Mortgage Express offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Mortgage Express 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 an IFA concerning my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date last year. I am seeking a three year fixed rate deal. Property worth £325k, I want to borrow 132K. I purchased the property 3 years ago for 138K and I currently owe 120K to Mortgage Express
What is the situation with contractor mortgages and Mortgage Express? I am a contractor but my partner has a permanent job. Will Mortgage Express take my salary should we make an application in both our names?
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 125k contractor mortgage with a lender such as Mortgage Express?
Does the CML Lender's Handbook set out the requirements for Mortgage Express when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Mortgage Express 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.
The above information covers to properties in England and Wales.
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