Cynergy Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Cynergy Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Cynergy 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, One year into a two contract. the chances of me being moved onto an employed basis are slim. So I suppose my question is, will Cynergy Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained a mortgage adviser regarding my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract begin date last year. I am seeking a 5 year fixed rate deal. Property worth £325k, I want to borrow £150,000. I bought the property three years ago for £220,500 and I currently owe 165k to Cynergy Bank
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and sent. Received a call from the lender to say they can't move ahead with application unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
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 Cynergy Bank even grant mortgages to contactors ?
Could a contractor mortgage with Cynergy Bank be a better option for me than a traditional Cynergy Bank mortgage ?
The content set out above covers to properties in England and Wales.
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