Holmesdale Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Holmesdale Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Holmesdale 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 an IT contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably with Holmesdale Building Society. Should I contact Holmesdale Building Society directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Holmesdale Building Society.
What criteria does a mortgage lender (for example Holmesdale Building Society) adopt 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?
Myself and my husband are currently about to apply for a mortgage with Holmesdale Building Society. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Holmesdale Building Society in my husband’s sole name?
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 am lead to believe that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to substantiate 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 persuade lenders such as Holmesdale Building Society to offer funds on the more realistic basis of my contracted rate.
The content set out above is in relation to properties in England and Wales.
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