Rely Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Rely Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Rely Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a self employed contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract prior to the expiry of my set term? Would this help my cause when applying for a mortgage with lend
Do any sections of the UK Finance Lender's Handbook stipulate the requirements for Rely Mortgages when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Rely Mortgages) use 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?
How can I make myself more attractive to a lender such as Rely Mortgages when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Notwithstanding that I am a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Rely Mortgages even grant mortgages to contactors ?
The content set out above covers to properties in England and Wales.
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