Ulster Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Ulster Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Ulster 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 seeking some mortgage advice. I am currently on a grad scheme, One year into a three year contract. the chances of me being moved onto an employed basis are slim. So I suppose my query is, will Ulster Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a broker regarding my remortgage because I am on a fixed term contract of four years (an IT contractor). My contract begin date this year. I am seeking a three year fixed rate deal. Property value £200,000, I want to borrow 132K. I bought the property 3 years ago for £157,000 and I currently owe 120K to Ulster Bank
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 85k contractor mortgage with a lender such as Ulster Bank?
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?
Were I to tell Ulster Bank that I’m contracting, are they likely to charge me a higher rate on my mortgage?
The above information covers to properties in England and Wales.
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