Furness Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Furness Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Furness Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
As contractor looking for a mortgage with Furness 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.
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?
I'm an IT contractor, based on my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of borrowing 195k by way of a contractor mortgage with Englefield Green
My research online suggests that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by maximising use of the expertise and contacts they have built up.
I have no idea if Furness Building Society grant contractor mortgages but if they do how does a Furness Building Society contractor mortgage differ from a standard mortgage?
The above information covers to properties in England and Wales.
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