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.
I am looking for some mortgage advice. I am currently on a grad scheme, One year into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around June time. My query is, will Bradford & Bingley even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Does the CML Lender's Handbook stipulate the requirements for Bradford & Bingley when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Bradford & Bingley) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Going through the contractor mortgage process to move to a buy to let with a new bank. All documents done and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
Could a contractor mortgage with Bradford & Bingley be a better option for me than a traditional Bradford & Bingley mortgage ?
The above information is in relation to properties in England and Wales.
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