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.
I have retained an IFA 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 looking for a three year fixed rate deal. Property value £200,000, I want to borrow 132K. I bought the property 3 years ago for £157,000 and I currently owe 120K to Ecology Building Society
What criteria does a mortgage lender (for example Ecology Building Society) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
As contractor looking for a mortgage with Ecology Building Society will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
As 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 vetting process for Ecology Building Society.I am not convinced that my broker is correct.
Could a contractor mortgage with Ecology Building Society be a better option for me than a standard Ecology Building Society mortgage ?
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Ecology Building Society