Manchester Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Manchester Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Manchester 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 Manchester Building Society when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Manchester 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.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
As a contractor (in the Oil & Gas industry) do I really need to produce at least six months of both business and personal bank statements as part of the vetting process for Manchester Building Society.I am not convinced that my broker is correct.
I am lead to believe that banks and building societies mostly consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages remove the hassle by making use of the expertise and contacts they have established.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Manchester Building Society