Co operative Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Co operative Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Co operative 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 an IFA regarding my remortgage because I am on a fixed term contract of two years (a finacial contractor). My contract begin date earlier this year. I am looking for a three year fixed rate mortgage. Property worth £325k, I want to borrow £150,000. I bought the property three years ago for £157,000 and I currently owe 120K to Co operative Bank
What is the situation with contractor mortgages and Co operative Bank? I am a contractor but my OH has a permanent job. Will Co operative Bank take my salary were we to make a joint application?
I am an engineering contractor looking to buy a home in London. My next step is to secure a mortgage ideally from Co operative Bank. Should I contact Co operative Bank directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Co operative 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 ahead 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 advice?
Notwithstanding that I am a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Co operative Bank even grant mortgages to contactors ?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Co operative Bank