Halifax Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Halifax offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Halifax and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Halifax? I am a contractor but my hubby has a permanent job. Will Halifax take my salary were we to make an application in both our names?
As contractor looking for a mortgage with Halifax 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.
Myself and my husband are currently about to apply for a mortgage with Halifax. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with Halifax in my husband’s sole name?
I am lead to believe that banks and building societies mostly consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by making use of the expertise and contacts they have built up.
I have no idea whether Halifax grant contractor mortgages but in the event that they do how does a Halifax contractor mortgage differ from a standard home loan?
The above information covers to properties in England and Wales.
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