Nationwide Mortgage for Umbrella Company Contractors

A question about : Nationwide Mortgage for Umbrella Company Contractors

Nationwide is among the banks that are considered contractor friendly.

I have an application with them(long story), but I thought I would check if people with similar working arrangements have been successful before:
- worked in the same field for > 10 yrs
- 1 1/2 years working as a contractor using umbrella
- contract with more than 5 months remaining

Day rate is more than enough(according to their calculator) to give me almost twice the loan I am requesting.

LTV 80%

What other lenders consider such cases ?

Best answers:

• Hi,
  Completed with Nationwide 2 weeks ago, and my thoughts are:
  - Nationwide are an ok lender, but with anything but straightforward cases can take their time and their underwriters seem very thorough(or fussy, depending on which side you are looking).
  - My broker was invaluable, being an umbrella company contractor, I would be dead in the water without their relationships and expertise. I really think they do provide huge value and work very hard for the fee they get from the lender.
  - My broker was free, but for the amount of work they have done for me, I would have paid them a fee.
  Good luck !
• Ha, ha !
  I have offered, believe me.
  I will find other ways to return the service, I am getting some insurance through them.