Intelligent Finance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Intelligent Finance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Intelligent 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 Oil & Gas contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Intelligent Finance. Am I best advised to contact Intelligent Finance directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Intelligent Finance.
Does the UK Finance Lender's Handbook stipulate the requirements for Intelligent Finance when it comes to contractor mortgages or self-employed mortgages.
How can I make myself more attractive to a lender such as Intelligent Finance when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Intelligent Finance
My research online suggests that banks and building societies in the main consider contractors as high risk applicants; so demand 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 persuade lenders such as Intelligent Finance to offer funds on the more realistic basis of my contracted rate.
The above information covers to properties in England and Wales.
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