Sainsbury's Bank Contractor Mortgages - Help and FAQs

Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Sainsbury's Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Sainsbury's 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 seeking some mortgage advice. I am currently a media contractor, 12 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around December time. My query is, will Sainsbury's Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?

What is current approach to contractor mortgages and Sainsbury's Bank? I am a contractor but my OH has a permanent job. Will Sainsbury's Bank take my salary were we to make a joint application?

I am Oil & Gas contractor looking to buy a home in London. My next step is to secure a mortgage preferably with Sainsbury's Bank. Would it be wise to contact Sainsbury's Bank directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Sainsbury's Bank.

What criteria does a mortgage lender (for example Sainsbury's Bank) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?

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 above information covers to properties in England and Wales.

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