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 a mortgage adviser regarding my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date this year. I am seeking a five year fixed rate deal. Property worth £325k, I want to borrow 132K. I bought the property 3 years ago for 138K and I currently owe 115k to Bradford & Bingley
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Bradford & Bingley in his name using our joint deposit and for me to be added at a later date?
Do any sections of the CML Lender's Handbook set out the requirements for Bradford & Bingley when it comes to contractor mortgages or self-employed mortgages.
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.
I am finding the process of looking for a contractor mortgage extremely frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
The above information is in relation to properties in England and Wales.
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