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.
What is current approach to contractor mortgages and Co operative Bank? I am a contractor but my partner has a permanent job. Will Co operative Bank take my salary were we to make an application in both our names?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and submitted. Received communication from the lender to say they can't move ahead with application unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
I am well aware that the days of self-certification contractor mortgages are long gone. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Co operative Bank
My research online indicates that banks and building societies in the main view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker utilise bespoke underwriting with lenders such as Co operative Bank.
Could a contractor mortgage with Co operative Bank be a better option for me than a traditional Co operative Bank mortgage ?
The above information is in relation to properties in England and Wales.
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