Mortgage Express Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Mortgage Express offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Mortgage Express and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Mortgage Express? I am a contractor but my partner has a permanent job. Will Mortgage Express take my salary if we make an application in both our names?
What criteria does a mortgage lender (for example Mortgage Express) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
Myself and my husband are currently about to apply for a mortgage with Mortgage Express. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Mortgage Express in my husband’s sole name?
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. I am particularly interested in a mortgage deal with Mortgage Express
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Mortgage Express.
The content set out above covers to properties in England and Wales.
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