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.
I am looking for some mortgage advice. I am currently on a grad scheme, 18 months into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around June time. My query is, will State Bank of India UK even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
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) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
As contractor looking for a mortgage with State Bank of India UK 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.
I don't know whether State Bank of India UK are in the business of issuing contractor mortgages but if they do how does a State Bank of India UK contractor mortgage differ from a standard mortgage?
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