Reliance Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Reliance Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Reliance 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 looking for some mortgage advice. I am currently a finacial contractor, One year into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around May time. My query is, will Reliance Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained a mortgage adviser concerning my remortgage because I have just won a fixed term contract of four years (an IT contractor). My contract begin date last year. I am looking for a 5 year fixed rate deal. Property worth £200,000, I want to borrow 132K. I bought the property three years ago for £220,500 and I currently owe 115k to Reliance Bank
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract before the expiry of my set term? Would this assist in applying for a mortgage with lend
I am Oil & Gas contractor looking to buy a home in London. My next step is to secure a mortgage ideally from Reliance Bank. Would it be wise to contact Reliance Bank directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Reliance Bank.
Is it correct that that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with Reliance Bank.
The above information is in relation to properties in England and Wales.
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