Nationwide Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Nationwide Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Nationwide 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 retained a broker regarding my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am seeking a five year fixed rate deal. Property worth 165K, I want to borrow 132K. I bought the property three years ago for £157,000 and I currently owe 165k to Nationwide Building Society
What is current approach to contractor mortgages and Nationwide Building Society? I am a contractor but my hubby has a permanent job. Will Nationwide Building Society take my salary were we to make a joint application?
As contractor looking for a mortgage with Nationwide 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.
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. In particular I have my eye on a mortgage deal with Nationwide Building Society
As a contractor (freelance journalist) is it necessary for me to supply at least six months of both business and personal bank statements as part of the vetting process for Nationwide Building Society.I am not convinced that my broker is correct.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Nationwide Building Society