Masthaven Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Masthaven Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Masthaven 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 mortgage adviser concerning my remortgage because I am on a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am looking for a five year fixed rate mortgage. Property worth £200,000, I want to borrow £150,000. I purchased the property four years ago for 138K and I currently owe 120K to Masthaven 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 confirming I will be moved onto a permanent contract before the end of my set term? Would this assist my cause when applying for a mortgage with lend
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 85k contractor mortgage with a lender such as Masthaven Bank?
How can I make myself more attractive to a lender such as Masthaven Bank when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Could a contractor mortgage with Masthaven Bank be a better option for me than a standard Masthaven Bank mortgage ?
The above information is in relation to properties in England and Wales.
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