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’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Chelsea Building Society?
What criteria does a mortgage lender (for example Chelsea Building Society) use to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
As a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Chelsea Building Society even grant mortgages to contactors ?
If I inform Chelsea Building Society that I’m contracting, are they likely to charge me a higher rate on my home loan?
Could a contractor mortgage with Chelsea Building Society be a better option for me than a traditional Chelsea Building Society mortgage ?
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