Bradford & Bingley Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bradford & Bingley offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bradford & Bingley and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA regarding my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract begin date earlier this year. I am seeking a three year fixed rate mortgage. Property value £200,000, I want to borrow 132K. I purchased the property 3 years ago for £157,000 and I currently owe 120K to Bradford & Bingley
What is the situation with contractor mortgages and Bradford & Bingley? I am a contractor but my husband has a permanent job. Will Bradford & Bingley take my salary were we to make a joint application?
What criteria does a mortgage lender (for example Bradford & Bingley) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
I am finding the process of trying to obtain a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
The above information covers to properties in England and Wales.
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