Lloyds Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Lloyds offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Lloyds and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
Does the UK Finance Lender's Handbook stipulate the requirements for Lloyds when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Lloyds) 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 company?
Myself and my fiance are currently about to apply for our first mortgage with Lloyds. 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 salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
Even though I am a contractor (in the Oil & Gas industry) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Lloyds.I am not convinced that my broker is correct.
I have no idea if Lloyds grant contractor mortgages but if they do how does a Lloyds contractor mortgage differ from a traditional mortgage?
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