Yorkshire Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Yorkshire Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Yorkshire Bank 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 mortgage adviser regarding my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract started date last year. I am looking for a five year fixed rate mortgage. Property worth 165K, I want to borrow 132K. I purchased the property 3 years ago for £220,500 and I currently owe 165k to Yorkshire Bank
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 85k contractor mortgage with a lender such as Yorkshire Bank?
What criteria does a mortgage lender (for example Yorkshire Bank) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All documents done and sent. Received a call from the lender to say they can't move forward with process unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
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?
The above information covers to properties in England and Wales.
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