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 an IT contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally with Secure Trust Bank. Am I best advised to contact Secure Trust Bank directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Secure Trust Bank.
Do any sections of the CML Lender's Handbook stipulate the requirements for Secure Trust Bank when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Secure Trust Bank) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
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 challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
Even though I am a contractor (HR consultant) is it necessary for me to produce at least six months of both business and personal bank statements as part of the vetting process for Secure Trust Bank.I am not convinced that my broker is correct.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Secure Trust Bank