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.
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Sainsbury's Bank in his name using our joint deposit and for me to be added at a later date?
Do any sections of 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) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
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?
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 Sainsbury's Bank even grant mortgages to contactors ?
The content set out above covers to properties in England and Wales.
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