National Counties Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether National Counties Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about National Counties Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with a mortgage adviser concerning my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date last year. I am seeking a 5 year fixed rate deal. Property worth £325k, I want to borrow 132K. I purchased the property four years ago for £220,500 and I currently owe 120K to National Counties Building Society
As contractor looking for a mortgage with National Counties 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.
How can I make myself more attractive to a lender such as National Counties Building Society 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 mortgage companies ‘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. I am particularly interested in a mortgage deal with National Counties Building Society
As a contractor (HR consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do National Counties Building Society even grant mortgages to contactors ?
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from National Counties Building Society