Ulster Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Ulster Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Ulster Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently an IT contractor, One year into a three year contract. the chances of me being moved onto an employed basis are slim. My query is, will Ulster Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained a mortgage adviser concerning my remortgage because I have just won a fixed term contract of two years (a media contractor). My contract started date this year. I am seeking a three year fixed rate deal. Property value £325k, I want to borrow £150,000. I bought the property four years ago for 138K and I currently owe 120K to Ulster Bank
What criteria does a mortgage lender (for example Ulster Bank) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Myself and my husband are currently about to apply for a mortgage with Ulster Bank. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Ulster Bank in my husband’s sole name?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
The content set out above covers to properties in England and Wales.
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