Virgin Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Virgin offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Virgin and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Virgin in his name using our joint deposit and for me to be added at a later date?
I am a finacial contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Virgin. Would it be wise to contact Virgin directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Virgin.
As contractor looking for a mortgage with Virgin 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.
Me and and my wife are soon to submit for our first mortgage application with Virgin. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a meaningful income. Is it going to be a case of just getting a non-contractor mortgage with Virgin in my wife’s name alone?
I am lead to believe that mortgage lenders generally consider 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 reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Virgin to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
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