Sainsbury's Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Sainsbury's Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Sainsbury's Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
Does the CML Lender's Handbook stipulate the requirements for Sainsbury's Bank when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Sainsbury's Bank) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and sent. Received communication from the lender to say they can't move ahead with application unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any advice?
Even though I am a contractor (IT consultant) is it necessary for me to produce at least six months of both business and personal bank statements as part of the due diligence process for Sainsbury's Bank.I am not convinced that my broker is correct.
Is it correct that Sainsbury's Bank quote higher interest rates in respect of mortgages for contractors?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Sainsbury's Bank