Skipton Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Skipton Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Skipton 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 am looking for some mortgage advice. I am currently on a grad scheme, One year into a three year contract. the chances of me being moved onto a permanent contract are slim. So I suppose my query is, will Skipton Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Going through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received a call from the lender to say they can't move forward with application unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any advice?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
How can I make myself more attractive to a lender such as Skipton 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 am lead to believe that mortgage lenders mostly consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by maximising use of the expertise and contacts they have established.
The above information is in relation to properties in England and Wales.
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