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 an engineering contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Zephyr Mortgages. Am I best advised to contact Zephyr Mortgages directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Zephyr Mortgages.
Does the CML Lender's Handbook set out the requirements for Zephyr Mortgages when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Zephyr Mortgages 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.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received communication from the lender to say they can't move forward with application unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any advice?
My research online suggests that mortgage lenders in the main consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Zephyr Mortgages.
The content set out above is in relation to properties in England and Wales.
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