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.
I am looking for some mortgage advice. I am currently on a grad scheme, One year into a three year contract. the chances of me being moved onto an employed basis are slim. My question is, will Manchester Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Manchester 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 business?
Myself and my husband are currently about to apply for a mortgage with Manchester Building Society. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful income. Is it going to be a case of just getting a non-contractor mortgage with Manchester Building Society in my husband’s name alone?
I am finding the process of trying to obtain a contractor mortgage extremely frustrating. There doesn't seem to be many 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.
Is it true that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Manchester Building Society.
The above information is in relation to properties in England and Wales.
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