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.
I have been dealing with an IFA concerning my remortgage because I have just won a fixed term contract of four years (an engineering contractor). My contract started date last year. I am looking for a 5 year fixed rate mortgage. Property worth 165K, I want to borrow 132K. I purchased the property three years ago for £220,500 and I currently owe 120K to Sainsbury's Bank
For some 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?
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 95k contractor mortgage with a lender such as Sainsbury's Bank?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and sent. Received a call from the lender to say they can't move forward with application unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
If I reveal to Sainsbury's Bank that I’m contracting, are they likely to charge me a higher rate on my mortgage?
The above information is in relation to properties in England and Wales.
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