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 am seeking some mortgage advice. I am currently a finacial contractor, One year into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around May time. My query is, will Nationwide Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am an engineering contractor looking to buy a home in London. My next step is to secure a mortgage ideally from Nationwide Building Society. Am I best advised to contact Nationwide Building Society directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Nationwide Building Society.
Does the CML Lender's Handbook stipulate the requirements for Nationwide Building Society when it comes to contractor mortgages or self-employed mortgages.
I am lead to believe that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Nationwide Building Society.
Could a contractor mortgage with Nationwide Building Society be a better option for me than a traditional Nationwide Building Society mortgage ?
The above information is in relation to properties in England and Wales.
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