Mortgage Agency Services Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Mortgage Agency Services offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Mortgage Agency Services and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently a media contractor, 12 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around May time. My question is, will Mortgage Agency Services even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Do any sections of the UK Finance Lender's Handbook stipulate the requirements for Mortgage Agency Services when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Mortgage Agency Services) adopt to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
Going through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received communication from the lender to say they can't move forward with application unless my current manager issues a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
How can I make myself more attractive to a lender such as Mortgage Agency Services when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Mortgage Agency Services