Coutts Finance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Coutts Finance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Coutts Finance and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with an IFA concerning my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am looking for a 5 year fixed rate deal. Property worth £325k, I want to borrow £150,000. I bought the property 3 years ago for 138K and I currently owe 115k to Coutts Finance
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Coutts Finance in his name using our joint deposit and for me to be added at a later date?
Do any sections of the UK Finance Lender's Handbook stipulate the requirements for Coutts Finance when it comes to contractor mortgages or self-employed mortgages.
Going through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received communication from the lender to say they can't move ahead with application unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
Is it true that as contractor I would require a huge deposit up to as much as 50 per cent to qualify for a mortgage with Coutts Finance.
The content set out above covers to properties in England and Wales.
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