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 am seeking some mortgage advice. I am currently a media contractor, 12 months into a three year contract. the chances of me being moved onto an employed basis are slim. So I suppose my question is, will Chelsea Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
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 Chelsea Building Society?
What criteria does a mortgage lender (for example Chelsea Building Society) 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 business?
My wife and I are soon to submit for our first mortgage application with Chelsea Building Society. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Chelsea Building Society in my wife’s sole name?
I understand that for some banks ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Chelsea Building Society
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