Skipton Building Society today have launched their new contractor mortgage policy.
Their previous policy saw self-employed contractors assessed in the same was as any other self-employed customers using either an average of the last 2 years net profits
With effect from 25th June 2018 they will assess self-employed contractors using their daily contract rate multiplied by 5 (days) multiplied by 48 (weeks).
Potential customers must meet the following criteria:
- Minimum two years’ experience in chosen profession.
- Minimum of 1 year’s contract history.
- Minimum income (using daily rate) of £50,000.
This adds to the growing list of contractor mortgage lenders that Super Contractors has access to.
Gordon Hunter, Managing Director of Super Contractors, says:
“We at Super Contractors are delighted to now have access to Skipton’s new contractor mortgage scheme. We are excited to add them to our panel of contractor friendly lenders. This can only bring good things for our contractor clients.”
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Your property may be repossessed if you do not keep up repayments on your mortgage.
This firm charges a fee of up to £295 for mortgage advice. The amount of fee will depend upon your circumstances and be discussed and agreed with you at the earliest opportunity.
Lifetime Finance Group Limited trading as Super Contractors is an appointed representative of PRIMIS Mortgage Network, a trading name of First Complete Limited, which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.