TSB Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether TSB offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about TSB and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from TSB. Would it be wise to contact TSB directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and TSB.
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?
Notwithstanding that I am a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do TSB even grant mortgages to contactors ?
Were I to advise TSB that I’m contracting, are they likely to charge me a higher rate on my home loan?
My research online indicates that banks and building societies generally view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as TSB.
The above information is in relation to properties in England and Wales.
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