Coutts Finance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Coutts Finance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Coutts Finance and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a broker regarding my remortgage because I have just won a fixed term contract of 3 years (on a grad scheme). My contract begin date earlier this year. I am seeking a three year fixed rate deal. Property worth £200,000, I want to borrow £150,000. I purchased the property 3 years ago for £157,000 and I currently owe 120K to Coutts Finance
What is the situation with contractor mortgages and Coutts Finance? I am a contractor but my partner has a permanent job. Will Coutts Finance take my salary should we make an application in both our names?
Going through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received a call from the lender to say they can't move ahead with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
Myself and my fiance are currently about to apply for our first mortgage with Coutts Finance. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a healthy incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
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 challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
The content set out above covers to properties in England and Wales.
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