Vida Homeloans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Vida Homeloans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Vida Homeloans and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently a finacial contractor, 18 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around March time. So I suppose my question is, will Vida Homeloans even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a broker regarding my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date this year. I am seeking a 5 year fixed rate mortgage. Property value 165K, I want to borrow £150,000. I purchased the property three years ago for £220,500 and I currently owe 115k to Vida Homeloans
As contractor looking for a mortgage with Vida Homeloans 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.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All documents done and submitted. Received communication from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
Is it correct that Vida Homeloans quote higher interest rates in respect of mortgages for contractors?
The content set out above is in relation to properties in England and Wales.
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