Secure Trust Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Secure Trust Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Secure Trust 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 on a grad scheme, One year into a three year contract. the chances of me being moved onto a permanent contract are slim. My question is, will Secure Trust Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with an IFA concerning my remortgage because I am on a fixed term contract of four years (a finacial contractor). My contract begin date earlier this year. I am looking for a 5 year fixed rate mortgage. Property value £200,000, I want to borrow £150,000. I bought the property 3 years ago for 138K and I currently owe 115k to Secure Trust Bank
What is current approach to contractor mortgages and Secure Trust Bank? I am a contractor but my husband has a permanent job. Will Secure Trust Bank take my salary were we to make a joint application?
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 125k contractor mortgage with a lender such as Secure Trust Bank?
I am lead to believe that mortgage lenders mostly view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by making use of the expertise and contacts they have established.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Secure Trust Bank