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.

I am looking for some mortgage advice. I am currently an IT contractor, 18 months into a three year contract. the chances of me being moved onto an employed basis are slim. So I suppose my question is, will Yorkshire Building Society 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 Building Society) adopt to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?

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?

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.

I don't know if Yorkshire Building Society are in the business of issuing contractor mortgages but if they do how does a Yorkshire Building Society contractor mortgage differ from a traditional home loan?

The content set out above is in relation to properties in England and Wales.

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