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 am an engineering contractor looking to buy a home in London. My next step is to secure a mortgage preferably with Swansea Building Society. Am I best advised to contact Swansea Building Society directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Swansea Building Society.
What criteria does a mortgage lender (for example Swansea Building Society) adopt to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and submitted. Received communication from the lender to say they can't move forward with process unless my current manager writes me a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
As a contractor (in the Oil & Gas industry) 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 Swansea Building Society.I am not convinced that my broker is correct.
I don't know if Swansea Building Society are in the business of issuing contractor mortgages but if they do how does a Swansea Building Society contractor mortgage differ from a standard mortgage?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Swansea Building Society