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 a media contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with Ulster Bank. Would it be wise to contact Ulster Bank directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Ulster Bank.
What criteria does a mortgage lender (for example Ulster Bank) use to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and submitted. Received communication from the lender to say they can't move forward with application unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
Myself and my husband are currently about to apply for a mortgage with Ulster Bank. 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 Ulster Bank in my husband’s name alone?
Were I to inform Ulster Bank that I’m contracting, are they likely to 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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