Ulster Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Ulster Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Ulster Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
As contractor looking for a mortgage with Ulster 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.
My wife and I are soon to submit for our first mortgage application with Ulster Bank. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a healthy salary. Is it going to be a case of just getting a non-contractor mortgage with Ulster Bank in my wife’s sole name?
How can I make myself more attractive to a lender such as Ulster Bank when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Were I to advise Ulster Bank that I’m contracting, will they charge me a higher rate on my home loan?
I don't know if Ulster Bank grant contractor mortgages but in the event that they do how does a Ulster Bank contractor mortgage differ from a standard mortgage?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Ulster Bank