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 have been dealing with a mortgage adviser regarding my remortgage because I am on a fixed term contract of 3 years (a finacial contractor). My contract begin date last year. I am seeking a three year fixed rate deal. Property value £200,000, I want to borrow £150,000. I purchased the property 3 years ago for £157,000 and I currently owe 115k to Holmesdale Building Society
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 Holmesdale Building Society?
As contractor looking for a mortgage with Holmesdale 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.
Were I to inform Holmesdale Building Society that I’m contracting, are they likely to charge me a higher rate on my home loan?
Could a contractor mortgage with Holmesdale Building Society be a better option for me than a traditional Holmesdale Building Society mortgage ?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Holmesdale Building Society