Danske Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Danske Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Danske Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with a broker concerning my remortgage because I have just won a fixed term contract of four years (an IT contractor). My contract begin date last year. I am looking for a five year fixed rate deal. Property worth £200,000, I want to borrow 132K. I purchased the property 3 years ago for £157,000 and I currently owe 165k to Danske Bank
Does the CML Lender's Handbook set out the requirements for Danske Bank when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Danske 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?
Me and and my wife are soon to submit for our first mortgage application with Danske Bank. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Danske Bank in my wife’s name alone?
How can I make myself more attractive to a lender such as Danske Bank when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The above information is in relation to properties in England and Wales.
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