Holmesdale Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Holmesdale Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Holmesdale 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 seeking some mortgage advice. I am currently an IT contractor, 18 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around June time. So I suppose my query is, will Holmesdale Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is the situation with contractor mortgages and Holmesdale Building Society? I am a contractor but my hubby has a permanent job. Will Holmesdale Building Society take my salary should we make a joint application?
Do any sections of the CML Lender's Handbook set out the requirements for Holmesdale Building Society when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Holmesdale Building Society) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
As contractor looking for a mortgage with Holmesdale 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.
The above information is in relation to properties in England and Wales.
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