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.
What criteria does a mortgage lender (for example National Counties Building Society) use to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
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.
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. In particular I have my eye on a mortgage deal with National Counties Building Society
Is it correct that that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with National Counties Building Society.
I don't know whether National Counties Building Society are in the business of issuing contractor mortgages but if they do how does a National Counties Building Society contractor mortgage differ from a traditional mortgage?
The content set out above is in relation to properties in England and Wales.
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