Sainsbury's Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Sainsbury's Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Sainsbury's Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Sainsbury's Bank in his name using our joint deposit and for me to be added at a later date?
What is the situation with contractor mortgages and Sainsbury's Bank? I am a contractor but my husband has a permanent job. Will Sainsbury's Bank take my salary were we to make an application in both our names?
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 Sainsbury's Bank?
What criteria does a mortgage lender (for example Sainsbury's Bank) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Could a contractor mortgage with Sainsbury's Bank be a better option for me than a traditional Sainsbury's Bank mortgage ?
The content set out above is in relation to properties in England and Wales.
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