Leeds Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Leeds Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Leeds 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 an engineering contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally from Leeds Building Society. Am I best advised to contact Leeds Building Society directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Leeds Building Society.
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 Leeds Building Society
Notwithstanding that I am a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Leeds Building Society even grant mortgages to contactors ?
My research online suggests that banks and building societies in the main consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused IFAs persuade lenders such as Leeds Building Society to offer funds on the more realistic basis of my contracted rate.
I have no idea if Leeds Building Society are in the business of issuing contractor mortgages but if they do how does a Leeds Building Society contractor mortgage differ from a standard home loan?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Leeds Building Society