National Counties Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether National Counties Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about National Counties 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 retained a broker concerning my remortgage because I have just won a fixed term contract of four years (an engineering contractor). My contract started date earlier this year. I am seeking a 5 year fixed rate mortgage. Property worth £200,000, I want to borrow 132K. I bought the property four years ago for £157,000 and I currently owe 115k to National Counties Building Society
I am a freelance contractor. Mortgage options are being looked at but its tricky. 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 assist my cause when applying for a mortgage with lend
What criteria does a mortgage lender (for example National Counties Building Society) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and sent. Received a call from the lender to say they can't move ahead with application unless my current manager writes me a letter saying 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. I can't seem to find any 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.
The above information covers to properties in England and Wales.
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