Metro Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Metro Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Metro 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 a media contractor, 18 months into a three year contract. the chances of me being moved onto an employed basis are slim. My query is, will Metro Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a mortgage adviser regarding my remortgage because I am on a fixed term contract of 3 years (a finacial contractor). My contract started date last year. I am looking for a three year fixed rate mortgage. Property value £325k, I want to borrow 132K. I purchased the property four years ago for 138K and I currently owe 115k to Metro Bank
I am a media contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with Metro Bank. Should I contact Metro Bank directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Metro Bank.
As contractor looking for a mortgage with Metro Bank will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Metro Bank.
The above information covers to properties in England and Wales.
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