HSBC UK Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether HSBC UK Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about HSBC 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 am a media contractor looking to buy a home in London. My next step is to secure a mortgage preferably from HSBC UK Bank. Should I contact HSBC UK Bank directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and HSBC UK Bank.
What criteria does a mortgage lender (for example HSBC UK Bank) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Going through the contractor mortgage process to move to a buy to let with a new lender. All documents done 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 get extended and when new end date will be. Any advice?
I am finding the process of trying to obtain a contractor mortgage very 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.
How can I make myself more attractive to a lender such as HSBC UK Bank when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The content set out above is in relation to properties in England and Wales.
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