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 looking for some mortgage advice. I am currently a finacial contractor, 12 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around March time. So I suppose my question is, will Secure Trust Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract prior to the expiry of my set term? Would this help my cause when applying for a mortgage with lend
Do any sections of the CML Lender's Handbook set out 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 more than a particular percentage of a business?
As contractor looking for a mortgage with Secure Trust Bank will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
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