Contractor Mortgages
- The good news is that lenders
are now aware of contractors' needs and financial conditions and have
designed special mortgages for them. These mortgages are designed
according to their needs and requirements and can be provided to them.
- But finding these lenders is a
complex and arduous task. Lenders usually consider specific conditions,
documents, and processes for lending to contractors. For example, the
contractor must prove to the bank that they have a stable income and can
pay the mortgage instalments on time.
Some lenders will ask you for documents
related to your current and future contracts. With the advice of a specialist
contractor mortgage broker, you can get rid of the stress of this process
because the contractor mortgage broker is fully acquainted with all the steps
and documents required by lenders and can also make a complete comparison to
the products provided by lenders.
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