National Westminster Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether National Westminster Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about National Westminster 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 National Westminster Bank? I am a contractor but my hubby has a permanent job. Will National Westminster Bank take my salary should we make a joint application?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. 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 National Westminster Bank
Is it correct that National Westminster Bank quote higher interest rates in respect of mortgages for contractors?
I am lead to believe that mortgage lenders in the main consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as National Westminster Bank.
I have no idea whether National Westminster Bank grant contractor mortgages but if they do how does a National Westminster Bank contractor mortgage differ from a standard home loan?
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from National Westminster Bank