Originally posted by acted
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Like Mark said, They typically prefer contractors on 6 month contract renewals. Of all the contractor friendly lenders out there, they're the most peculiar. Their criteria isn't cast in stone and can be interpreted in different ways from underwriters. Which is why we get cases looked at by the Virgin Business Development Manager before submitting an application. They also look at each case on it's own merits, so they might agree if the LTV was very low for instance. Most Contractor Mortgage Specialists prefer not to deal with Virgin.
They're not the easiest lender to deal with when it comes to contractors but their rates are just unbeatable at the moment.
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