Coutts Finance Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Coutts Finance offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Coutts Finance and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a self employed contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract before the expiry of my set term? Would this help in applying for a mortgage with lend
Do any sections of the CML Lender's Handbook stipulate the requirements for Coutts Finance when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Coutts Finance) 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 very frustrating. I can't seem to find any 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.
If I tell Coutts Finance that I’m contracting, will they charge me a higher rate on my mortgage?
The content set out above is in relation to properties in England and Wales.
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