Precise Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Precise Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Precise Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Precise Mortgages. Would it be wise to contact Precise Mortgages directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Precise Mortgages.
What criteria does a mortgage lender (for example Precise Mortgages) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Going through the contractor mortgage process to move to a buy to let with a new bank. All documents done and submitted. Received communication from the lender to say they can't move forward with application unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any advice?
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?
I don't know whether Precise Mortgages grant contractor mortgages but in the event that they do how does a Precise Mortgages contractor mortgage differ from a traditional mortgage?
The content set out above covers to properties in England and Wales.
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