Principality Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Principality Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Principality 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 looking for some mortgage advice. I am currently on a grad scheme, 18 months into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around May time. My query is, will Principality Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is current approach to contractor mortgages and Principality Building Society? I am a contractor but my OH has a permanent job. Will Principality Building Society take my salary should we make a joint application?
Going through the contractor mortgage process to move to a buy to let with a new lender. All documents done and submitted. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
How can I make myself more attractive to a lender such as Principality 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.
Is it true that as contractor I would require a huge deposit up to as much as 50 per cent to qualify for a mortgage with Principality Building Society.
The above information covers to properties in England and Wales.
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