Swansea Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Swansea Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Swansea 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’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 Swansea Building Society?
What criteria does a mortgage lender (for example Swansea Building Society) use to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
How can I make myself more attractive to a lender such as Swansea 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.
I am well aware that the days of self-certification contractor mortgages are long gone. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Swansea Building Society
If I reveal to Swansea Building Society that I’m contracting, will they charge me a higher rate on my mortgage?
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