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 have been dealing with a mortgage adviser concerning my remortgage because I am on a fixed term contract of two years (a finacial contractor). My contract begin date earlier this year. I am looking for a three year fixed rate deal. Property worth £200,000, I want to borrow 132K. I purchased the property four years ago for £220,500 and I currently owe 120K to Sainsbury's Bank
What is current approach to contractor mortgages and Sainsbury's Bank? I am a contractor but my hubby has a permanent job. Will Sainsbury's Bank take my salary should we make an application in both our names?
I'm a finacial contractor, based on my accounts, my average net profit and director's salary is £45,000. I am looking to purchase a house in loc. What are the chances of borrowing 195k via a contractor mortgage with Englefield Green
My research online suggests that banks and building societies mostly view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Sainsbury's Bank to offer funds on the more realistic basis of my contracted rate.
Could a contractor mortgage with Sainsbury's Bank be a better option for me than a standard Sainsbury's Bank mortgage ?
The content set out above covers to properties in England and Wales.
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