Yorkshire Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Yorkshire Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Yorkshire 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 current approach to 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?
Do any sections of the CML Lender's Handbook set out the requirements for Yorkshire Building Society when it comes to contractor mortgages or self-employed mortgages.
How can I make myself more attractive to a lender such as Yorkshire Building Society when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Notwithstanding that I am a contractor (HR consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Yorkshire Building Society even grant mortgages to contactors ?
I am lead to believe that mortgage lenders in the main view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by making use of the expertise and contacts they have built up.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Yorkshire Building Society