Bradford & Bingley Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bradford & Bingley offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bradford & Bingley and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with an IFA regarding my remortgage because I am on a fixed term contract of two years (a finacial contractor). My contract started date this year. I am seeking a three year fixed rate deal. Property worth £200,000, I want to borrow £150,000. I bought the property three years ago for £157,000 and I currently owe 115k to Bradford & Bingley
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Bradford & Bingley?
As contractor looking for a mortgage with Bradford & Bingley 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 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?
I have no idea whether Bradford & Bingley grant contractor mortgages but if they do how does a Bradford & Bingley contractor mortgage differ from a standard mortgage?
The above information covers to properties in England and Wales.
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