Mortgage Express (No 2) Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Mortgage Express (No 2) offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Mortgage Express (No 2) 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 a finacial contractor, One year into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around March time. My question is, will Mortgage Express (No 2) even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a mortgage adviser concerning my remortgage because I am on a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date this year. I am looking for a 5 year fixed rate deal. Property worth 165K, I want to borrow 132K. I bought the property three years ago for £220,500 and I currently owe 115k to Mortgage Express (No 2)
Does the UK Finance Lender's Handbook set out the requirements for Mortgage Express (No 2) when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Mortgage Express (No 2)) adopt to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
As a contractor (HR consultant) is it necessary for me to produce at least six months of both business and personal bank statements as part of the vetting process for Mortgage Express (No 2).I am not convinced that my broker is correct.
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 Express (No 2)