M&S Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether M&S Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about M&S 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 looking for some mortgage advice. I am currently a finacial contractor, One year into a 2 contract. the chances of me being moved onto a permanent contract are slim. So I suppose my query is, will M&S Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract prior to the end of my set term? Would this assist my cause when applying for a mortgage with lend
What is current approach to contractor mortgages and M&S Bank? I am a contractor but my partner has a permanent job. Will M&S Bank take my salary were we to make an application in both our names?
I am lead to believe that banks and building societies generally consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages remove the hassle by maximising use of the expertise and contacts they have built up.
I have no idea if M&S Bank are in the business of issuing contractor mortgages but if they do how does a M&S Bank contractor mortgage differ from a standard mortgage?
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