Coutts & Co Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Coutts & Co offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Coutts & Co and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a broker regarding my remortgage because I have just won a fixed term contract of four years (a finacial contractor). My contract started date earlier this year. I am looking for a five year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I bought the property three years ago for £220,500 and I currently owe 165k to Coutts & Co
As contractor looking for a mortgage with Coutts & Co 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?
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 Coutts & Co even grant mortgages to contactors ?
I have no idea whether Coutts & Co are in the business of issuing contractor mortgages but in the event that they do how does a Coutts & Co contractor mortgage differ from a standard home loan?
The above information is in relation to properties in England and Wales.
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