Skipton Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Skipton Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Skipton Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Skipton Building Society? I am a contractor but my partner has a permanent job. Will Skipton Building Society take my salary should we make an application in both our names?
As contractor looking for a mortgage with Skipton 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.
My wife and I are soon to submit for our first mortgage application with Skipton Building Society. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Skipton Building Society in my wife’s name only?
Even though I am a contractor (HR consultant) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Skipton Building Society.I am not convinced that my broker is correct.
I am lead to believe that banks and building societies mostly view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Skipton Building Society to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Skipton Building Society