Ecology Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Ecology Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Ecology Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is current approach to contractor mortgages and Ecology Building Society? I am a contractor but my partner has a permanent job. Will Ecology Building Society take my salary were we to make an application in both our names?
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. In particular I have my eye on a mortgage deal with Ecology Building Society
Even though I am a contractor (IT consultant) is it necessary for me to produce at least six months of both business and personal bank statements as part of the due diligence process for Ecology Building Society.I am not convinced that my broker is correct.
My research online indicates that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker utilise bespoke underwriting with lenders such as Ecology Building Society.
Could a contractor mortgage with Ecology Building Society be a better option for me than a traditional Ecology Building Society mortgage ?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Ecology Building Society