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 have been dealing with a mortgage adviser regarding my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date this year. I am looking for a five year fixed rate mortgage. Property value £325k, I want to borrow 132K. I purchased the property three years ago for 138K and I currently owe 120K to Principality Building Society
I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with Principality Building Society. Am I best advised to contact Principality Building Society directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Principality Building Society.
As contractor looking for a mortgage with Principality Building Society will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Myself and my husband are currently about to apply for a mortgage with Principality Building Society. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Principality Building Society in my husband’s name alone?
Notwithstanding that I am a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Principality Building Society even grant mortgages to contactors ?
The content set out above is in relation to properties in England and Wales.
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