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.
I am a freelance contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be transferred onto a permanent contract before the end of my set term? Would this assist in applying for a mortgage with lend
What is current approach to contractor mortgages and National Westminster Bank? I am a contractor but my partner has a permanent job. Will National Westminster Bank take my salary if we make a joint application?
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally from National Westminster Bank. Would it be wise to contact National Westminster Bank directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and National Westminster Bank.
Were I to tell National Westminster Bank that I’m contracting, are they likely to charge me a higher rate on my home loan?
My research online suggests that banks and building societies mostly consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a media contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused IFAs persuade lenders such as National Westminster Bank to offer funds on the more realistic basis of my contracted rate.
The content set out above is in relation to properties in England and Wales.
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