Yorkshire Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Yorkshire Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Yorkshire 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 retained a broker regarding my remortgage because I have just won a fixed term contract of two years (a finacial contractor). My contract started date last year. I am seeking a 5 year fixed rate deal. Property value 165K, I want to borrow 132K. I purchased the property three years ago for 138K and I currently owe 165k to Yorkshire Building Society
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract prior to the end of my set term? Would this assist my cause when applying for a mortgage with lend
What criteria does a mortgage lender (for example Yorkshire 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 Yorkshire 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.
Could a contractor mortgage with Yorkshire Building Society be a better option for me than a traditional Yorkshire Building Society mortgage ?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Yorkshire Building Society