Masthaven Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Masthaven Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Masthaven 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 broker concerning my remortgage because I am on a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am looking for a three year fixed rate mortgage. Property value 165K, I want to borrow 132K. I purchased the property 3 years ago for £157,000 and I currently owe 120K to Masthaven Bank
Does the CML Lender's Handbook stipulate the requirements for Masthaven Bank when it comes to contractor mortgages or self-employed mortgages.
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 challenges faced 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 Masthaven Bank when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I have no idea if Masthaven Bank grant contractor mortgages but in the event that they do how does a Masthaven Bank contractor mortgage differ from a traditional home loan?
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Masthaven Bank