St James Place Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether St James Place offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about St James Place and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with a broker concerning my remortgage because I have just won a fixed term contract of two years (on a grad scheme). My contract begin date this year. I am seeking a 5 year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I bought the property four years ago for £220,500 and I currently owe 115k to St James Place
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as St James Place?
As contractor looking for a mortgage with St James Place will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
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?
As a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do St James Place even grant mortgages to contactors ?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from St James Place