Skipton Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Skipton Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Skipton Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What criteria does a mortgage lender (for example Skipton Building Society) use to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
My wife and I are soon to submit for our first mortgage application with Skipton Building Society. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Skipton Building Society in my wife’s name alone?
Even though I am a contractor (HR consultant) is it necessary for me to supply at least six months of both business and personal bank statements as part of the due diligence process for Skipton Building Society.I am not convinced that my broker is correct.
Is it correct that Skipton Building Society quote higher interest rates in respect of mortgages for contractors?
Could a contractor mortgage with Skipton Building Society be a better option for me than a traditional Skipton Building Society mortgage ?
The content set out above covers to properties in England and Wales.
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