Pepper Money Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Pepper Money offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Pepper Money 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 an IT contractor, 12 months into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around December time. So I suppose my question is, will Pepper Money even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is current approach to contractor mortgages and Pepper Money? I am a contractor but my hubby has a permanent job. Will Pepper Money take my salary if we make an application in both our names?
Do any sections of the UK Finance Lender's Handbook set out the requirements for Pepper Money when it comes to contractor mortgages or self-employed mortgages.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
I am lead to believe that mortgage lenders in the main consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages remove the hassle by maximising use of the expertise and contacts they have established.
The above information covers to properties in England and Wales.
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