Leeds Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Leeds Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Leeds 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 broker concerning my remortgage because I am on a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date earlier this year. I am looking for a three year fixed rate deal. Property value £200,000, I want to borrow £150,000. I purchased the property four years ago for £220,500 and I currently owe 115k to Leeds Building Society
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Leeds Building Society in his name using our joint deposit and for me to be added at a later date?
How can I make myself more attractive to a lender such as Leeds Building Society when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. 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 Leeds Building Society
Notwithstanding that I am a contractor (HR consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Leeds Building Society even grant mortgages to contactors ?
The content set out above is in relation to properties in England and Wales.
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