National Westminster Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether National Westminster Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about National Westminster 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 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 moved onto a permanent contract prior to the expiry of my set term? Would this assist in applying for a mortgage with lend
I am an IT contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably from National Westminster Bank. Am I best advised to contact National Westminster Bank directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and National Westminster Bank.
Myself and my fiance are currently about to apply for our first mortgage with National Westminster Bank. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a healthy incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
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 National Westminster Bank even grant mortgages to contactors ?
My research online indicates that mortgage lenders mostly consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a broker specialising in contractor mortgages remove the hassle by making use of the expertise and contacts they have established.
The content set out above covers to properties in England and Wales.
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