Family Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Family Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Family Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
Do any sections of the CML Lender's Handbook set out the requirements for Family Building Society when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Family Building Society) use to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
As contractor looking for a mortgage with Family 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.
If I advise Family Building Society that I’m contracting, will they charge me a higher rate on my home loan?
Could a contractor mortgage with Family Building Society be a better option for me than a standard Family Building Society mortgage ?
The above information covers to properties in England and Wales.
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