Clydesdale Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Clydesdale Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Clydesdale Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently a media contractor, One year into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around December time. So I suppose my query is, will Clydesdale Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Clydesdale Bank) use to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
Myself and my fiance are currently about to apply for our first mortgage with Clydesdale Bank. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed by the NHS as a doctor, and so does have a good salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
Notwithstanding that I am a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Clydesdale Bank even grant mortgages to contactors ?
Could a contractor mortgage with Clydesdale Bank be a better option for me than a traditional Clydesdale Bank mortgage ?
The content set out above is in relation to properties in England and Wales.
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