Contractor Mortgages

What Are The Requirements For Contractors To Get Mortgages?

What Are The Requirements For Contractors To Get Mortgages?

Lenders consider contractors and self-employed as high-risk customers; thus, they consider a variety of criteria and formulas for assessing contractors' affordability. However, despite the expansion of contractors in various economic fields, high street lenders are paying more attention to contractors and the self-employed. This means that the need for contractors to get mortgage advice is increasing day by day. So finding a lender whose criteria best fits the contractors' financial situation can be challenging. It will make it difficult for them to accept a mortgage in the future. This problem becomes more apparent when contractors claim large mortgages. For this…
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