National Westminster Bank Contractor Mortgages - Help and FAQs

Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether National Westminster Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about National Westminster Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.

What is the situation with contractor mortgages and National Westminster Bank? I am a contractor but my hubby has a permanent job. Will National Westminster Bank take my salary if we make a joint application?

Going through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and submitted. Received communication from the lender to say they can't move ahead with process unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?

Myself and my husband are currently about to apply for a mortgage with National Westminster Bank. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with National Westminster Bank in my husband’s name alone?

My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?

My research online indicates that banks and building societies generally view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by making use of the expertise and contacts they have built up.

The above information is in relation to properties in England and Wales.

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