Ulster Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Ulster Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Ulster 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 finacial contractor, One year into a two contract. However, I'm unlikely to be moved onto a permanent contract until around June time. So I suppose my question is, will Ulster Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with an IFA concerning my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date this year. I am seeking a 5 year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I bought the property four years ago for £220,500 and I currently owe 165k to Ulster Bank
For two 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 Ulster Bank in his name using our joint deposit and for me to be added at a later date?
I am finding the process of trying to obtain a contractor mortgage very frustrating. There doesn't seem to be many 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.
As a contractor (IT consultant) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for Ulster Bank.I am not convinced that my broker is correct.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Ulster Bank