State Bank of India UK Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether State Bank of India UK offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about State Bank of India UK and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and State Bank of India UK? I am a contractor but my hubby has a permanent job. Will State Bank of India UK take my salary if we make an application in both our names?
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 75k contractor mortgage with a lender such as State Bank of India UK?
Do any sections of the CML Lender's Handbook stipulate the requirements for State Bank of India UK when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example State Bank of India UK) adopt to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
I'm an engineering contractor, according to 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 being able to borrow 180k by way of a contractor mortgage with Finedon
The content set out above is in relation to properties in England and Wales.
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