DB UK Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether DB UK Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about DB UK 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 an IFA 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 earlier this year. I am seeking a five year fixed rate deal. Property worth £325k, I want to borrow £150,000. I bought the property three years ago for 138K and I currently owe 165k to DB UK Bank
I am an engineering contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably from DB UK Bank. Should I contact DB UK Bank directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and DB UK Bank.
As contractor looking for a mortgage with DB UK Bank 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.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received a call from the lender to say they can't move forward with application unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any advice?
If I reveal to DB UK Bank that I’m contracting, will they charge me a higher rate on my mortgage?
The content set out above covers to properties in England and Wales.
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