Birmingham Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Birmingham Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Birmingham Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
Do any sections of the CML Lender's Handbook set out the requirements for Birmingham Bank when it comes to contractor mortgages or self-employed mortgages.
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and submitted. Received a call from the lender to say they can't move forward with application unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
My wife and I are soon to submit for our first mortgage application with Birmingham Bank. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with Birmingham Bank in my wife’s sole name?
As a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Birmingham Bank even grant mortgages to contactors ?
Is it true that as contractor I would require a huge deposit up to as much as 50 per cent to qualify for a mortgage with Birmingham Bank.
The content set out above is in relation to properties in England and Wales.
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