Co operative Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Co operative Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Co operative 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 an IT contractor, 12 months into a 2 contract. the chances of me being moved onto an employed basis are slim. My query is, will Co operative Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
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 85k contractor mortgage with a lender such as Co operative Bank?
Do any sections of the CML Lender's Handbook stipulate the requirements for Co operative Bank when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Co operative Bank) use to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Could a contractor mortgage with Co operative Bank be a better option for me than a standard Co operative Bank mortgage ?
The content set out above is in relation to properties in England and Wales.
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