Danske Bank Contractor Mortgages - Help and FAQs

I am looking for some mortgage advice. I am currently an engineering contractor, 18 months into a three year contract. the chances of me being moved onto a permanent contract are slim. My query is, will Danske Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?

I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 85k contractor mortgage with a lender such as Danske Bank?

Myself and my husband are currently about to apply for a mortgage with Danske Bank. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Danske Bank in my husband’s sole name?

Were I to reveal to Danske Bank that I’m contracting, will they charge me a higher rate on my mortgage?

I am lead to believe that banks and building societies in the main consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Danske Bank to offer funds on the more realistic basis of my contracted rate.