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 am a self employed contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be transferred onto a permanent contract prior to the end of my set term? Would this help my cause when applying for a mortgage with lend
Does the UK Finance Lender's Handbook stipulate the requirements for Platform when it comes to contractor mortgages or self-employed mortgages.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
As a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Platform even grant mortgages to contactors ?
My research online suggests that mortgage lenders mostly view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Platform to offer funds on the more realistic basis of my contracted rate.
The above information covers to properties in England and Wales.
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