Holmesdale Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Holmesdale Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Holmesdale 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 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.
How can I make myself more attractive to a lender such as Holmesdale 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 banks ‘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 Holmesdale Building Society
My research online indicates that banks and building societies generally view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Holmesdale Building Society to offer funds on the more realistic basis of my contracted rate.
Could a contractor mortgage with Holmesdale Building Society be a better option for me than a traditional Holmesdale Building Society mortgage ?
The above information covers to properties in England and Wales.
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