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 have retained a mortgage adviser 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 looking for a five year fixed rate mortgage. Property value £200,000, I want to borrow £150,000. I purchased the property four years ago for £157,000 and I currently owe 120K to Ulster Bank
What is current approach to contractor mortgages and Ulster Bank? I am a contractor but my OH has a permanent job. Will Ulster Bank take my salary were we to make an application in both our names?
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 85k contractor mortgage with a lender such as Ulster Bank?
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 sent. Received communication from the lender to say they can't move forward with application unless my current manager writes me a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
I don't know whether Ulster Bank are in the business of issuing contractor mortgages but if they do how does a Ulster Bank contractor mortgage differ from a traditional home loan?
The above information is in relation to properties in England and Wales.
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