NRAM Ltd Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether NRAM Ltd offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about NRAM Ltd and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA concerning my remortgage because I am on a fixed term contract of 3 years (a media contractor). My contract started date earlier this year. I am seeking a three year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I purchased the property four years ago for 138K and I currently owe 165k to NRAM Ltd
What is current approach to contractor mortgages and NRAM Ltd? I am a contractor but my partner has a permanent job. Will NRAM Ltd take my salary should we make a joint application?
I am Oil & Gas contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally with NRAM Ltd. Would it be wise to contact NRAM Ltd directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and NRAM Ltd.
What criteria does a mortgage lender (for example NRAM Ltd) adopt to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with NRAM Ltd
The content set out above covers to properties in England and Wales.
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