Landbay Partners Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Landbay Partners offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Landbay Partners and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a broker regarding my remortgage because I have just won a fixed term contract of 3 years (on a grad scheme). My contract started date last year. I am seeking a 5 year fixed rate deal. Property value 165K, I want to borrow 132K. I purchased the property four years ago for £220,500 and I currently owe 115k to Landbay Partners
As contractor looking for a mortgage with Landbay Partners 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 fiance are currently about to apply for our first mortgage with Landbay Partners. 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 by the NHS as a doctor, and so does have a healthy incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
I understand that for some banks ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Landbay Partners
I don't know if Landbay Partners grant contractor mortgages but in the event that they do how does a Landbay Partners contractor mortgage differ from a standard home loan?
The content set out above is in relation to properties in England and Wales.
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