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.
Do any sections of the CML Lender's Handbook stipulate the requirements for Leeds Building Society when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Leeds Building Society) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Myself and my husband are currently about to apply for a mortgage with Leeds 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 Leeds Building Society in my husband’s name alone?
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 banks ‘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. I am particularly interested in a mortgage deal with Leeds Building Society
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Leeds Building Society