Nedbank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Nedbank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Nedbank 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 am on a fixed term contract of four years (on a grad scheme). My contract started date earlier this year. I am seeking a five year fixed rate deal. Property value £325k, I want to borrow £150,000. I purchased the property 3 years ago for £157,000 and I currently owe 120K to Nedbank
Does the CML Lender's Handbook stipulate the requirements for Nedbank when it comes to contractor mortgages or self-employed mortgages.
I am finding the process of trying to obtain a contractor mortgage very frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
I understand that for some mortgage companies ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Nedbank
Is it correct that Nedbank quote higher interest rates when it comes to mortgages for contractors?
The above information covers to properties in England and Wales.
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