Coutts & Co Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Coutts & Co offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Coutts & Co and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is current approach to contractor mortgages and Coutts & Co? I am a contractor but my husband has a permanent job. Will Coutts & Co take my salary if we make an application in both our names?
Do any sections of the CML Lender's Handbook set out the requirements for Coutts & Co when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Coutts & Co) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
As a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Coutts & Co even grant mortgages to contactors ?
I am lead to believe that mortgage lenders in the main consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Coutts & Co.
The content set out above is in relation to properties in England and Wales.
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