Monmouthshire Building Society Contractor Mortgages - Help and FAQs

I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably with Monmouthshire Building Society. Would it be wise to contact Monmouthshire Building Society directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Monmouthshire Building Society.

I am finding the process of trying to obtain a contractor mortgage very frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.

Notwithstanding that I am a contractor (HR consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Monmouthshire Building Society even grant mortgages to contactors ?

Is it correct that that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with Monmouthshire Building Society.

I am lead to believe that banks and building societies mostly consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker utilise bespoke underwriting with lenders such as Monmouthshire Building Society.