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.
What is current approach to contractor mortgages and Nedbank? I am a contractor but my husband has a permanent job. Will Nedbank take my salary should we make a joint application?
Going through the contractor mortgage process to move to a buy to let with a new bank. All documents done and submitted. Received a call from the lender to say they can't move ahead with application unless my current manager writes me a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
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. In particular I have my eye on a mortgage deal with Nedbank
My research online indicates that mortgage lenders in the main view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a finacial 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 Nedbank.
I have no idea whether Nedbank are in the business of issuing contractor mortgages but in the event that they do how does a Nedbank contractor mortgage differ from a traditional home loan?
The above information is in relation to properties in England and Wales.
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