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 am looking for some mortgage advice. I am currently on a grad scheme, 18 months into a two contract. the chances of me being moved onto a permanent contract are slim. My question is, will Yorkshire Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Yorkshire Bank) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Me and and my wife are soon to submit for our first mortgage application with Yorkshire Bank. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a healthy salary. Is it going to be a case of just getting a non-contractor mortgage with Yorkshire Bank in my wife’s name alone?
I am finding the process of trying to obtain a contractor mortgage extremely frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
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 Bank even grant mortgages to contactors ?
The above information covers to properties in England and Wales.
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