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 some 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 Oil & Gas contractor looking to buy a home in London. My next step is to secure a mortgage ideally from Virgin. Should I contact Virgin directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Virgin.
What criteria does a mortgage lender (for example Virgin) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Myself and my fiance are currently about to apply for our first mortgage with Virgin. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as an accountant, and so does have a healthy incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Virgin
The content set out above is in relation to properties in England and Wales.
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