Danske Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Danske Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Danske 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 a mortgage adviser regarding my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date last year. I am seeking a three year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I bought the property four years ago for 138K and I currently owe 115k to Danske Bank
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Danske Bank. Should I contact Danske Bank directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Danske Bank.
As contractor looking for a mortgage with Danske Bank will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
If I inform Danske Bank that I’m contracting, are they likely to charge me a higher rate on my home loan?
The content set out above is in relation to properties in England and Wales.
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