Progressive BS Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Progressive BS offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Progressive BS 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 mortgage adviser concerning my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract started date last year. I am looking for a 5 year fixed rate deal. Property value £200,000, I want to borrow 132K. I bought the property three years ago for 138K and I currently owe 115k to Progressive BS
What is current approach to contractor mortgages and Progressive BS? I am a contractor but my partner has a permanent job. Will Progressive BS take my salary if we make an application in both our names?
I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage preferably with Progressive BS. Would it be wise to contact Progressive BS directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Progressive BS.
Myself and my husband are currently about to apply for a mortgage with Progressive BS. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Progressive BS in my husband’s name alone?
I am finding the process of looking for a contractor mortgage very frustrating. I can't seem to find any 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.
The content set out above is in relation to properties in England and Wales.
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