Yorkshire Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Yorkshire Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Yorkshire Bank 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 mortgage adviser regarding my remortgage because I am on a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date this year. I am seeking a 5 year fixed rate deal. Property value 165K, I want to borrow £150,000. I bought the property four years ago for £220,500 and I currently owe 165k to Yorkshire Bank
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Yorkshire Bank?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
Even though I am a contractor (in the Oil & Gas industry) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Yorkshire Bank.I am not convinced that my broker is correct.
Could a contractor mortgage with Yorkshire Bank be a better option for me than a traditional Yorkshire Bank mortgage ?
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Yorkshire Bank