Coutts & Co Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Coutts & Co offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Coutts & Co and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Coutts & Co in his name using our joint deposit and for me to be added at a later date?
I am a finacial contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Coutts & Co. Should I contact Coutts & Co directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Coutts & Co.
What criteria does a mortgage lender (for example Coutts & Co) use to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
I am finding the process of looking for a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
My research online indicates that banks and building societies generally consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Coutts & Co.
The content set out above covers to properties in England and Wales.
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