Tipton Coseley Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Tipton Coseley Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Tipton Coseley 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 looking for some mortgage advice. I am currently on a grad scheme, One year into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around March time. So I suppose my query is, will Tipton Coseley Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a broker concerning my remortgage because I am on 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 this year. I am seeking a three year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I purchased the property four years ago for £157,000 and I currently owe 115k to Tipton Coseley Building Society
Do any sections of the CML Lender's Handbook stipulate the requirements for Tipton Coseley Building Society when it comes to contractor mortgages or self-employed mortgages.
I am finding the process of looking for a contractor mortgage extremely frustrating. I can't seem to find any lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
Could a contractor mortgage with Tipton Coseley Building Society be a better option for me than a standard Tipton Coseley Building Society mortgage ?
The above information covers to properties in England and Wales.
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