Progressive BS Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Progressive BS offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Progressive BS 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 a broker concerning my remortgage because I am on a fixed term contract of 3 years (an IT contractor). My contract started date earlier this year. I am seeking a five year fixed rate deal. Property worth 165K, I want to borrow 132K. I purchased the property four years ago for £157,000 and I currently owe 120K to Progressive BS
My wife and I are soon to submit for our first mortgage application with Progressive BS. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Progressive BS in my wife’s name only?
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?
As 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 Progressive BS even grant mortgages to contactors ?
Could a contractor mortgage with Progressive BS be a better option for me than a traditional Progressive BS mortgage ?
The content set out above covers to properties in England and Wales.
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