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.
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 State Bank of India UK?
As contractor looking for a mortgage with State Bank of India UK will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All documents done and submitted. Received communication from the lender to say they can't move forward with application unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
As a contractor (HR consultant) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for State Bank of India UK.I am not convinced that my broker is correct.
If I advise State Bank of India UK that I’m contracting, are they likely to charge me a higher rate on my home loan?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from State Bank of India UK