Skipton Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Skipton Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Skipton 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 retained a broker regarding my remortgage because I have just won a fixed term contract of two years (an engineering contractor). My contract started date earlier this year. I am seeking a five year fixed rate deal. Property worth £325k, I want to borrow 132K. I purchased the property 3 years ago for £157,000 and I currently owe 120K to Skipton Building Society
I am a media contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Skipton Building Society. Would it be wise to contact Skipton Building Society directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Skipton Building Society.
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Skipton Building Society?
Do any sections of the CML Lender's Handbook stipulate the requirements for Skipton Building Society when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Skipton Building Society) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
The content set out above covers to properties in England and Wales.
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