Foundation Home loans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Foundation Home loans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Foundation Home loans 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 finacial contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably with Foundation Home loans. Should I contact Foundation Home loans directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Foundation Home loans.
Does the UK Finance Lender's Handbook stipulate the requirements for Foundation Home loans when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Foundation Home loans) adopt to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
As contractor looking for a mortgage with Foundation Home loans 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.
Myself and my fiance are currently about to apply for our first mortgage with Foundation Home loans. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed by the NHS as a doctor, and so does have a good incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
The content set out above covers to properties in England and Wales.
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