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.
What criteria does a mortgage lender (for example Clydesdale Bank) adopt to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and submitted. Received a call from the lender to say they can't move ahead with application unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Clydesdale Bank
As a contractor (in the Oil & Gas industry) 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 Clydesdale Bank.I am not convinced that my broker is correct.
Could a contractor mortgage with Clydesdale Bank be a better option for me than a standard Clydesdale Bank mortgage ?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Clydesdale Bank