TSB Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether TSB offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about TSB and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a broker concerning my remortgage because I have just won a fixed term contract of two years (on a grad scheme). My contract begin date this year. I am seeking a five year fixed rate mortgage. Property worth £200,000, I want to borrow £150,000. I bought the property 3 years ago for £220,500 and I currently owe 115k to TSB
What is current approach to contractor mortgages and TSB? I am a contractor but my partner has a permanent job. Will TSB take my salary were we to make a joint application?
What criteria does a mortgage lender (for example TSB) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
How can I make myself more attractive to a lender such as TSB when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. 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 TSB
The above information covers to properties in England and Wales.
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