Market Harborough Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Market Harborough Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Market Harborough Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Market Harborough Building Society? I am a contractor but my OH has a permanent job. Will Market Harborough Building Society take my salary if we make a joint application?
As contractor looking for a mortgage with Market Harborough Building Society 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.
Myself and my fiance are currently about to apply for our first mortgage with Market Harborough Building Society. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as an accountant, and so does have a healthy salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
Is it correct that Market Harborough Building Society quote higher interest rates when it comes to mortgages for contractors?
I am lead to believe that mortgage lenders mostly consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by maximising use of the expertise and contacts they have established.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Market Harborough Building Society