Cynergy Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Cynergy Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Cynergy Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently on a grad scheme, 18 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around May time. So I suppose my question is, will Cynergy Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Cynergy Bank in his name using our joint deposit and for me to be added at a later date?
What criteria does a mortgage lender (for example Cynergy Bank) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
I am finding the process of looking for a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
I have no idea if Cynergy Bank grant contractor mortgages but if they do how does a Cynergy Bank contractor mortgage differ from a traditional home loan?
The above information is in relation to properties in England and Wales.
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