Magellan Homeloans Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Magellan Homeloans offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Magellan Homeloans 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 Nottingham. My next step is to secure a mortgage ideally with Magellan Homeloans. Am I best advised to contact Magellan Homeloans directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Magellan Homeloans.
What criteria does a mortgage lender (for example Magellan Homeloans) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
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 (HR consultant) is it necessary for me to supply at least six months of both business and personal bank statements as part of the vetting process for Magellan Homeloans.I am not convinced that my broker is correct.
I have no idea whether Magellan Homeloans grant contractor mortgages but if they do how does a Magellan Homeloans contractor mortgage differ from a standard home loan?
The above information covers to properties in England and Wales.
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