National Counties Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether National Counties Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about National Counties 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 a broker regarding my remortgage because I have just won a fixed term contract of four years (an engineering contractor). My contract started date last year. I am seeking a 5 year fixed rate mortgage. Property value £200,000, I want to borrow 132K. I bought the property three years ago for 138K and I currently owe 115k to National Counties Building Society
I am a freelance contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be transferred onto a permanent contract prior to the expiry of my set term? Would this assist in applying for a mortgage with lend
What criteria does a mortgage lender (for example National Counties 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?
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with National Counties Building Society
As a contractor (freelance journalist) do I really need to produce at least six months of both business and personal bank statements as part of the due diligence process for National Counties Building Society.I am not convinced that my broker is correct.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from National Counties Building Society