LiveMore Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether LiveMore offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about LiveMore and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently on a grad scheme, 18 months into a two contract. the chances of me being moved onto a permanent contract are slim. My question is, will LiveMore even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example LiveMore) adopt to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and sent. Received communication from the lender to say they can't move forward with application unless my current manager writes me a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
I am finding the process of looking for a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
Could a contractor mortgage with LiveMore be a better option for me than a standard LiveMore mortgage ?
The above information is in relation to properties in England and Wales.
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