Zephyr Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Zephyr Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Zephyr Mortgages 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 a mortgage adviser regarding my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am looking for a five year fixed rate mortgage. Property worth £325k, I want to borrow £150,000. I bought the property four years ago for £157,000 and I currently owe 120K to Zephyr Mortgages
I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage preferably with Zephyr Mortgages. Would it be wise to contact Zephyr Mortgages directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Zephyr Mortgages.
Do any sections of the UK Finance Lender's Handbook stipulate the requirements for Zephyr Mortgages when it comes to contractor mortgages or self-employed mortgages.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All documents done and submitted. Received a call from the lender to say they can't move ahead with application unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
My research online indicates that banks and building societies mostly view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Zephyr Mortgages.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Zephyr Mortgages