Yorkshire Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Yorkshire Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Yorkshire 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 a finacial contractor, 12 months into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around December time. My question is, will Yorkshire Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained an IFA regarding my remortgage because I have just won a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am looking for a three year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I purchased the property four years ago for 138K and I currently owe 115k to Yorkshire Building Society
Do any sections of the CML Lender's Handbook set out the requirements for Yorkshire Building Society when it comes to contractor mortgages or self-employed mortgages.
I am finding the process of trying to obtain a contractor mortgage extremely 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.
How can I make myself more attractive to a lender such as Yorkshire 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.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Yorkshire Building Society