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Contractor mortgage
Options
BaggageNotIncluded
Posts: 1 Newbie
My fixed rate is due to expire in a couple of months and I shall have to decide whether to choose a customer retention product with my current provider or remortgage (via a broker).
I'm a Ltd company contractor with 3 years accounts and I'm 1 month into a renewed 12 month contract. Currently my LTV is approx. 50% and when I come to change mortgage I'm not looking to borrow more.
My only concern, if I choose to re-mortgage to a different provider, is that I'm in the oil and gas industry.
Do lenders look at what sector you're contracting in??
I'm a Ltd company contractor with 3 years accounts and I'm 1 month into a renewed 12 month contract. Currently my LTV is approx. 50% and when I come to change mortgage I'm not looking to borrow more.
My only concern, if I choose to re-mortgage to a different provider, is that I'm in the oil and gas industry.
Do lenders look at what sector you're contracting in??
0
Comments
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It depends whether they're assessing you on contract rate or as self-employed via accounts or SA302's.
Speak to a contractor broker, and he/she can let you know your options.I am a mortgage adviser.You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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