Metro Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Metro Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Metro Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Metro Bank in his name using our joint deposit and for me to be added at a later date?
Do any sections of the CML Lender's Handbook stipulate the requirements for Metro Bank when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Metro Bank) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
My wife and I are soon to submit for our first mortgage application with Metro Bank. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with Metro Bank in my wife’s sole name?
As a contractor (IT consultant) do I really need to produce at least six months of both business and personal bank statements as part of the due diligence process for Metro Bank.I am not convinced that my broker is correct.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Metro Bank