DB UK Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether DB UK Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about DB UK Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 95k contractor mortgage with a lender such as DB UK Bank?
Do any sections of the UK Finance Lender's Handbook set out the requirements for DB UK Bank when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example DB UK 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 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 peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
I don't know whether DB UK Bank grant contractor mortgages but in the event that they do how does a DB UK Bank contractor mortgage differ from a standard home loan?
The above information is in relation to properties in England and Wales.
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