Market Harborough Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Market Harborough Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Market Harborough 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 been dealing with an IFA concerning my remortgage because I have just won a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date earlier this year. I am looking for a five year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I purchased the property three years ago for £220,500 and I currently owe 165k to Market Harborough Building Society
What is current approach to contractor mortgages and Market Harborough Building Society? I am a contractor but my partner has a permanent job. Will Market Harborough Building Society take my salary if we make an application in both our names?
What criteria does a mortgage lender (for example Market Harborough Building Society) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
As contractor looking for a mortgage with Market Harborough 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?
The above information covers to properties in England and Wales.
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