DB UK Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether DB UK Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about DB UK 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 retained an IFA concerning my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am looking for a three year fixed rate deal. Property value £325k, I want to borrow 132K. I purchased the property 3 years ago for 138K and I currently owe 165k to DB UK Bank
I am a freelance contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be transferred onto a permanent contract before the expiry of my set term? Would this assist in applying for a mortgage with lend
Myself and my husband are currently about to apply for a mortgage with DB UK Bank. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with DB UK Bank in my husband’s name alone?
As a contractor (IT consultant) is it necessary for me to produce at least six months of both business and personal bank statements as part of the vetting process for DB UK Bank.I am not convinced that my broker is correct.
Is it true that DB UK Bank quote higher interest rates when it comes to mortgages for contractors?
The content set out above covers to properties in England and Wales.
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