Santander Umbrella Company Mortgages

Has anyone had any dealings with Santander mortgage applications while employed via an umbrella company? How difficult was the application and what information did they require? 

Comments

  • kingstreet
    kingstreet Posts: 39,213 Forumite
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    Santander isn't normally a go-to for contractor-type business.

    Any particular reason why Santander?
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
  • Hi @kingstreet

    my current mortgage is with Santander and I would like to port the balance onto a new mortgage. My mortgage adviser confirmed it should not be a problem but further evidence my be requested from Santander. 

    Who are the go to contractor mortgage companies?
  • Never dealt with Santander but knowing people that contract and have applied there weren't any issues but again this is going on the basis that all information provided is accurate and correct.
  • As an update, Santander won’t lend out as they want evidence my existing contract will be extended but I won’t know this until 1 month before this Ie October. My current contract only started at the beginning of May - seems crazy but our MB said Santander are not umbrella friendly 
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