Danske Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Danske Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Danske Bank 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 an IFA concerning my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am seeking a five year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I purchased the property 3 years ago for 138K and I currently owe 115k to Danske Bank
Does the CML Lender's Handbook set out the requirements for Danske Bank when it comes to contractor mortgages or self-employed mortgages.
Myself and my husband are currently about to apply for a mortgage with Danske Bank. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Danske Bank in my husband’s sole name?
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?
If I tell Danske Bank that I’m contracting, are they likely to charge me a higher rate on my home loan?
The content set out above is in relation to properties in England and Wales.
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