State Bank of India UK Contractor Mortgages - Help and FAQs

Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether State Bank of India UK offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about State Bank of India UK and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.

What criteria does a mortgage lender (for example State Bank of India UK) adopt to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?

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 issues a letter saying my contract will definitely get extended and when new end date will be. Any advice?

How can I make myself more attractive to a lender such as State Bank of India UK when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.

Even though I am a contractor (freelance journalist) do I really need to produce at least six months of both business and personal bank statements as part of the vetting process for State Bank of India UK.I am not convinced that my broker is correct.

I don't know if State Bank of India UK grant contractor mortgages but in the event that they do how does a State Bank of India UK contractor mortgage differ from a traditional mortgage?

The above information covers to properties in England and Wales.

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