Ecology Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Ecology Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Ecology 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 3 years (on a grad scheme). My contract begin date last year. I am seeking a five year fixed rate deal. Property worth £200,000, I want to borrow £150,000. I purchased the property 3 years ago for 138K and I currently owe 120K to Ecology Building Society
As contractor looking for a mortgage with Ecology 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.
Going through the contractor mortgage process to move to a buy to let with a new lender. All documents done and sent. Received a call from the lender to say they can't move ahead with process unless my current manager writes me a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
I am finding the process of looking for a contractor mortgage very frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
I'm an IT contractor, according to my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of being able to borrow 195k via a contractor mortgage with Meliden
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Ecology Building Society