Topaz Finance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Topaz Finance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Topaz Finance and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently on a grad scheme, 18 months into a two contract. the chances of me being moved onto a permanent contract are slim. My query is, will Topaz Finance even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am a media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally with Topaz Finance. Am I best advised to contact Topaz Finance directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Topaz Finance.
Is it correct that that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with Topaz Finance.
I am lead to believe that banks and building societies in the main consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Topaz Finance.
I don't know whether Topaz Finance grant contractor mortgages but in the event that they do how does a Topaz Finance contractor mortgage differ from a traditional home loan?
The content set out above is in relation to properties in England and Wales.
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