Principality Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Principality Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Principality 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 am on a fixed term contract of two years (on a grad scheme). My contract started date earlier this year. I am seeking a three year fixed rate deal. Property worth £325k, I want to borrow 132K. I purchased the property 3 years ago for £220,500 and I currently owe 115k to Principality Building Society
What is the situation with contractor mortgages and Principality Building Society? I am a contractor but my hubby has a permanent job. Will Principality Building Society take my salary if we make a joint application?
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?
If I reveal to Principality Building Society that I’m contracting, will they charge me a higher rate on my mortgage?
I don't know whether Principality Building Society are in the business of issuing contractor mortgages but in the event that they do how does a Principality Building Society contractor mortgage differ from a traditional mortgage?
The above information is in relation to properties in England and Wales.
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