Barclays plc Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Barclays plc offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Barclays plc 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 on a grad scheme, One year into a 2 contract. the chances of me being moved onto an employed basis are slim. My question is, will Barclays plc even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained an IFA regarding my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract started date earlier this year. I am looking for a 5 year fixed rate deal. Property value £200,000, I want to borrow 132K. I purchased the property three years ago for 138K and I currently owe 165k to Barclays plc
I am an engineering contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Barclays plc. Would it be wise to contact Barclays plc directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Barclays plc.
I am finding the process of looking for a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
How can I make myself more attractive to a lender such as Barclays plc when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The content set out above is in relation to properties in England and Wales.
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