Furness Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Furness Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Furness 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 concerning my remortgage because I have just won a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date this year. I am looking for a 5 year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I purchased the property three years ago for £157,000 and I currently owe 115k to Furness Building Society
Does the CML Lender's Handbook stipulate the requirements for Furness Building Society when it comes to contractor mortgages or self-employed mortgages.
I am finding the process of trying to obtain a contractor mortgage very frustrating. I can't seem to find any lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
How can I make myself more attractive to a lender such as Furness Building Society when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Were I to tell Furness Building Society that I’m contracting, will they charge me a higher rate on my mortgage?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Furness Building Society