Principality Building Society Contractor Mortgages - Help and FAQs

Do any sections of the CML Lender's Handbook set out the requirements for Principality Building Society when it comes to contractor mortgages or self-employed mortgages.

Myself and my husband are currently about to apply for a mortgage with Principality Building Society. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Principality Building Society in my husband’s sole name?

I am well aware that the days of self-certification contractor mortgages are a thing of the past. 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 Principality Building Society

I am lead to believe that banks and building societies generally consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Principality Building Society.

I don't know whether Principality Building Society grant contractor mortgages but if they do how does a Principality Building Society contractor mortgage differ from a standard home loan?