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 looking for some mortgage advice. I am currently a media contractor, One year into a 2 contract. the chances of me being moved onto an employed basis are slim. So I suppose my query is, will Metro Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained a mortgage adviser concerning my remortgage because I have just won 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 this year. I am seeking a 5 year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I bought the property 3 years ago for £220,500 and I currently owe 165k to Metro Bank
What is the situation with contractor mortgages and Metro Bank? I am a contractor but my partner has a permanent job. Will Metro Bank take my salary should we make a joint application?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
As a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Metro Bank even grant mortgages to contactors ?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Metro Bank