Nationwide Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Nationwide Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Nationwide 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 a finacial contractor, One year into a three year contract. the chances of me being moved onto a permanent contract are slim. My query is, will Nationwide Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a mortgage adviser concerning my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract started date last year. I am seeking a 5 year fixed rate deal. Property value £200,000, I want to borrow 132K. I purchased the property three years ago for 138K and I currently owe 165k to Nationwide Building Society
As contractor looking for a mortgage with Nationwide 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.
Myself and my husband are currently about to apply for a mortgage with Nationwide Building Society. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Nationwide Building Society in my husband’s name only?
How can I make myself more attractive to a lender such as Nationwide 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.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Nationwide Building Society