Danske Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Danske Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Danske Bank 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 mortgage adviser regarding my remortgage because I have just won a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date this year. I am seeking a five year fixed rate deal. Property value 165K, I want to borrow 132K. I purchased the property three years ago for 138K and I currently owe 120K to Danske Bank
Does the CML Lender's Handbook stipulate the requirements for Danske Bank when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Danske Bank) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
I am well aware that the days of self-certification contractor mortgages are long gone. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Danske Bank
Even though I am a contractor (IT consultant) do I really need to produce at least six months of both business and personal bank statements as part of the vetting process for Danske Bank.I am not convinced that my broker is correct.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Danske Bank