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 looking for some mortgage advice. I am currently a finacial contractor, One year into a two contract. the chances of me being moved onto an employed basis are slim. My question is, will Virgin even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is the situation with contractor mortgages and Virgin? I am a contractor but my partner has a permanent job. Will Virgin take my salary should we make an application in both our names?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Virgin
Notwithstanding that I am a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Virgin even grant mortgages to contactors ?
I am lead to believe that mortgage lenders generally view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs persuade lenders such as Virgin to offer funds on the more realistic basis of my contracted rate.
The above information is in relation to properties in England and Wales.
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