Molo Finance Buy to Let Contractor Mortgages - Help and FAQs

I am looking for 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. So I suppose my question is, will Molo Finance Buy to Let even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?

I have retained an IFA regarding my remortgage because I have just won a fixed term contract of two years (a finacial contractor). My contract begin date last year. I am looking for a three year fixed rate mortgage. Property value £200,000, I want to borrow £150,000. I bought the property three years ago for £157,000 and I currently owe 115k to Molo Finance Buy to Let

I am a finacial contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally from Molo Finance Buy to Let. Would it be wise to contact Molo Finance Buy to Let directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Molo Finance Buy to Let.

As contractor looking for a mortgage with Molo Finance Buy to Let 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.

I am lead to believe that mortgage lenders mostly view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Molo Finance Buy to Let to offer funds on the more realistic basis of my contracted rate.