Zephyr Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Zephyr Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Zephyr Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a self employed contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be transferred onto a permanent contract before the end of my set term? Would this help in applying for a mortgage with lend
Do any sections of the CML Lender's Handbook stipulate the requirements for Zephyr Mortgages when it comes to contractor mortgages or self-employed mortgages.
As a contractor (in the Oil & Gas industry) do I really need to produce at least six months of both business and personal bank statements as part of the due diligence process for Zephyr Mortgages.I am not convinced that my broker is correct.
My research online indicates that mortgage lenders mostly view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Zephyr Mortgages to offer funds on the more realistic basis of my contracted rate.
I don't know if Zephyr Mortgages are in the business of issuing contractor mortgages but if they do how does a Zephyr Mortgages contractor mortgage differ from a standard mortgage?
The above information covers to properties in England and Wales.
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