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.
I am seeking some mortgage advice. I am currently on a grad scheme, One year into a 2 contract. the chances of me being moved onto a permanent contract are slim. My question is, will Virgin even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
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.
Going through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received a call from the lender to say they can't move ahead with application unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
My wife and I 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 an accountant and does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Virgin in my wife’s sole name?
Were I to advise Virgin that I’m contracting, will they charge me a higher rate on my mortgage?
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Virgin