Taj is back from his summer break and this month he looks in to mortgage availability for contractors. This summer has seen a couple of developments in the mortgage market, opening more doors for contractors.
The directors at CMME have been working with Nationwide with the aim of altering lending criteria. So far, the results have been positive with further improvements likely in the near future.
Secondly, Virgin Money have improved their contractor policy by making it more flexible. Lastly, Taj mentions BM solutions who are now a very popular choice for contractors looking at buy to lets.
In the coming months Taj will give us an update as to how these three brands have evolved and how the policies work in practice.