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 a freelance 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 transferred onto a permanent contract prior to the expiry of my set term? Would this help my cause when applying for a mortgage with lend
Myself and my fiance are currently about to apply for our first mortgage with Leeds Building Society. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as an accountant, and so does have a healthy incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
I understand that for some mortgage companies ‘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. In particular I have my eye on a mortgage deal with Leeds Building Society
I am lead to believe that banks and building societies generally consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by making use of the expertise and contacts they have established.
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 traditional home loan?
The content set out above is in relation to properties in England and Wales.
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