Birmingham Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Birmingham Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Birmingham 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 seeking some mortgage advice. I am currently on a grad scheme, One year into a two contract. the chances of me being moved onto a permanent contract are slim. So I suppose my query is, will Birmingham Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Does the CML Lender's Handbook stipulate the requirements for Birmingham Bank when it comes to contractor mortgages or self-employed mortgages.
Even though I am a contractor (freelance journalist) is it necessary for me to produce at least six months of both business and personal bank statements as part of the due diligence process for Birmingham Bank.I am not convinced that my broker is correct.
Is it correct that that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with Birmingham Bank.
I have no idea whether Birmingham Bank are in the business of issuing contractor mortgages but in the event that they do how does a Birmingham Bank contractor mortgage differ from a standard mortgage?
The content set out above is in relation to properties in England and Wales.
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