Chelsea Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Chelsea Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Chelsea 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 a mortgage adviser concerning my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract started date last year. I am seeking a 5 year fixed rate deal. Property worth £325k, I want to borrow 132K. I bought the property 3 years ago for 138K and I currently owe 120K to Chelsea Building Society
I am a finacial contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Chelsea Building Society. Should I contact Chelsea Building Society directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Chelsea Building Society.
What criteria does a mortgage lender (for example Chelsea Building Society) use to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
I am finding the process of trying to obtain a contractor mortgage extremely frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
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 content set out above covers to properties in England and Wales.
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