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 been dealing with a mortgage adviser regarding my remortgage because I have just won a fixed term contract of 3 years (a media contractor). My contract started date this year. I am looking for a 5 year fixed rate deal. Property value 165K, I want to borrow £150,000. I purchased the property three years ago for 138K and I currently owe 115k to Danske Bank
What criteria does a mortgage lender (for example Danske Bank) adopt to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Myself and my fiance are currently about to apply for our first mortgage with Danske Bank. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a good incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
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?
Is it correct that that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with Danske Bank.
The content set out above covers to properties in England and Wales.
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