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 been dealing with an IFA concerning my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract begin date this year. I am seeking a 5 year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I bought the property three years ago for £220,500 and I currently owe 120K to DB UK Bank
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 125k contractor mortgage with a lender such as DB UK Bank?
What criteria does a mortgage lender (for example DB UK Bank) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
As a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do DB UK Bank even grant mortgages to contactors ?
I'm a media contractor, according to my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of borrowing 195k via a contractor mortgage with Meliden
The content set out above covers to properties in England and Wales.
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