TSB Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether TSB offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about TSB and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a mortgage adviser regarding my remortgage because I am on a fixed term contract of four years (an IT contractor). My contract started date earlier this year. I am looking for a three year fixed rate deal. Property value £325k, I want to borrow 132K. I purchased the property four years ago for £157,000 and I currently owe 165k to TSB
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and submitted. Received a call from the lender to say they can't move ahead with process unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
Is it correct that TSB quote higher interest rates in respect of mortgages for contractors?
Could a contractor mortgage with TSB be a better option for me than a standard TSB mortgage ?
The above information covers to properties in England and Wales.
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