Yorkshire Building Society Contractor Mortgages - Help and FAQs

For two years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Yorkshire Building Society in his name using our joint deposit and for me to be added at a later date?

What is the situation with contractor mortgages and Yorkshire Building Society? I am a contractor but my partner has a permanent job. Will Yorkshire Building Society take my salary were we to make an application in both our names?

What criteria does a mortgage lender (for example Yorkshire Building Society) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?

As contractor looking for a mortgage with Yorkshire 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 am lead to believe that banks and building societies mostly view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by making use of the expertise and contacts they have established.