LendInvest Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether LendInvest offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about LendInvest 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 IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with LendInvest. Would it be wise to contact LendInvest directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and LendInvest.
What criteria does a mortgage lender (for example LendInvest) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
As contractor looking for a mortgage with LendInvest 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 mortgage company. All paperwork completed and submitted. Received a call from the lender to say they can't move ahead with process unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any advice?
Could a contractor mortgage with LendInvest be a better option for me than a standard LendInvest mortgage ?
The above information covers to properties in England and Wales.
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