Rooftop Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Rooftop Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Rooftop Mortgages 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, One year into a three year contract. the chances of me being moved onto an employed basis are slim. So I suppose my question is, will Rooftop Mortgages even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Does the UK Finance Lender's Handbook set out the requirements for Rooftop Mortgages when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Rooftop Mortgages) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
As contractor looking for a mortgage with Rooftop Mortgages 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.
I am finding the process of looking for a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
The content set out above covers to properties in England and Wales.
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