Chelsea Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Chelsea Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Chelsea 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 Oil & Gas contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Chelsea Building Society. Would it be wise to contact Chelsea Building Society directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Chelsea Building Society.
Does the UK Finance Lender's Handbook stipulate the requirements for Chelsea Building Society when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Chelsea 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?
As contractor looking for a mortgage with Chelsea 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.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received communication 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?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Chelsea Building Society