Swansea Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Swansea Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Swansea 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 an IFA concerning my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am seeking a five year fixed rate deal. Property value 165K, I want to borrow 132K. I purchased the property three years ago for £220,500 and I currently owe 115k to Swansea Building Society
What is the situation with contractor mortgages and Swansea Building Society? I am a contractor but my husband has a permanent job. Will Swansea Building Society take my salary should we make an application in both our names?
What criteria does a mortgage lender (for example Swansea Building Society) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Notwithstanding that I am a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Swansea Building Society even grant mortgages to contactors ?
I don't know if Swansea Building Society grant contractor mortgages but in the event that they do how does a Swansea Building Society contractor mortgage differ from a standard home loan?
The above information covers to properties in England and Wales.
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