Bradford & Bingley Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bradford & Bingley offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bradford & Bingley and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Bradford & Bingley? I am a contractor but my husband has a permanent job. Will Bradford & Bingley take my salary were we to make a joint application?
I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with Bradford & Bingley. Am I best advised to contact Bradford & Bingley directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Bradford & Bingley.
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?
My research online suggests that banks and building societies generally consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by making use of the expertise and contacts they have built up.
Could a contractor mortgage with Bradford & Bingley be a better option for me than a standard Bradford & Bingley mortgage ?
The content set out above is in relation to properties in England and Wales.
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