Secure Trust Bank Contractor Mortgages - Help and FAQs

What is the situation with contractor mortgages and Secure Trust Bank? I am a contractor but my OH has a permanent job. Will Secure Trust Bank take my salary if we make a joint application?

I am a media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably from Secure Trust Bank. Am I best advised to contact Secure Trust Bank directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Secure Trust Bank.

What criteria does a mortgage lender (for example Secure Trust 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?

Myself and my husband are currently about to apply for a mortgage with Secure Trust Bank. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Secure Trust Bank in my husband’s name alone?

I am lead to believe that banks and building societies generally consider contractors as high risk applicants; so demand 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 utilise bespoke underwriting with lenders such as Secure Trust Bank.