Market Harborough Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Market Harborough Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Market Harborough 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 have just won a fixed term contract of two years (a finacial contractor). My contract begin date this year. I am seeking a five year fixed rate deal. Property value £325k, I want to borrow 132K. I purchased the property four years ago for £220,500 and I currently owe 165k to Market Harborough Building Society
For two 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 Market Harborough Building Society in his name using our joint deposit and for me to be added at a later date?
Going through the contractor mortgage process to move to a buy to let with a new lender. All documents done and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
How can I make myself more attractive to a lender such as Market Harborough 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 am lead to believe that banks and building societies in the main view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused mortgage broker utilise bespoke underwriting with lenders such as Market Harborough Building Society.
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