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 seeking some mortgage advice. I am currently an IT contractor, One year into a two contract. However, I'm unlikely to be moved onto a permanent contract until around May time. So I suppose 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’?
What is current approach to contractor mortgages and State Bank of India UK? I am a contractor but my OH has a permanent job. Will State Bank of India UK take my salary should we make an application in both our names?
Myself and my husband are currently about to apply for a mortgage with State Bank of India UK. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful income. Is it going to be a case of just getting a non-contractor mortgage with State Bank of India UK in my husband’s name only?
Notwithstanding that I am a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do State Bank of India UK even grant mortgages to contactors ?
If I inform State Bank of India UK that I’m contracting, will they charge me a higher rate on my home loan?
The above information is in relation to properties in England and Wales.
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