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.
What criteria does a mortgage lender (for example Leeds Building Society) use to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received communication from the lender to say they can't move ahead with process unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any advice?
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.
Even though I am a contractor (IT consultant) is it necessary for me to supply at least six months of both business and personal bank statements as part of the due diligence process for Leeds Building Society.I am not convinced that my broker is correct.
Were I to reveal to Leeds Building Society that I’m contracting, are they likely to charge me a higher rate on my home loan?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Leeds Building Society