Platform Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Platform offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Platform 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 two years (a finacial contractor). My contract started date this year. I am looking for a 5 year fixed rate deal. Property value 165K, I want to borrow 132K. I bought the property four years ago for £220,500 and I currently owe 115k to Platform
What is the situation with contractor mortgages and Platform? I am a contractor but my OH has a permanent job. Will Platform take my salary if we make an application in both our names?
I am a media contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Platform. Am I best advised to contact Platform directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Platform.
What criteria does a mortgage lender (for example Platform) 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?
I am finding the process of looking for a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
The content set out above is in relation to properties in England and Wales.
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