{"id":84354,"date":"2023-06-21T17:20:45","date_gmt":"2023-06-21T16:20:45","guid":{"rendered":"https:\/\/ukcontractormortgages.com\/?p=84354"},"modified":"2023-06-21T17:20:47","modified_gmt":"2023-06-21T16:20:47","slug":"nottingham-building-society-loosens-criteria-for-contractors","status":"publish","type":"post","link":"https:\/\/ukcontractormortgages.com\/nottingham-building-society-loosens-criteria-for-contractors\/","title":{"rendered":"Nottingham Building Society loosens criteria for contractors"},"content":{"rendered":"\n

Nottingham Building Society has cut the minimum length of time contractors must have worked on fixed-term contracts to make it easier for these workers to secure a mortgage.<\/strong><\/p>\n\n\n\n

Get in touch with us today to speak with the UK\u2019s\u00a0Best Contractor Mortgage Broker<\/a><\/strong>.<\/em><\/p>\n\n\n\n

Nottingham Building Society has cut the minimum length of time contractors must have worked on fixed-term contracts to make it easier for these workers to secure a mortgage.<\/p>\n\n\n\n

The mutual says the minimum length of time a contractor must have worked on fixed-term contracts in the same profession is now 12 months.<\/p>\n\n\n\n

It adds there is no minimum time required on their current contracts, and contractors working under an umbrella company are acceptable for the firm\u2019s home loans using 46 weeks of income.<\/p>\n\n\n\n

Get in touch with us today to speak with a specialist\u00a0Contractor Mortgage Advisor<\/a><\/strong>.<\/em><\/p>\n\n\n\n

Nottingham Building Society sales director Alison Pallett says: \u201cThe world of work is evolving. From construction to health and social care, more and more people work on contracts, and it is imperative that the industry reacts in tandem \u2014 especially as contracting allows greater flexibility within the workforce.<\/p>\n\n\n\n

\u201cThese changes reflect our unwavering commitment to empowering contracted workers to access mortgage financing more easily.<\/p>\n\n\n\n

\u201cWe hope to have further exciting developments to announce shortly, so keep an eye out for them.\u201d<\/p>\n\n\n\n

By Roger Baird<\/p>\n\n\n\n

Source: Mortgage Finance Gazette<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nottingham Building Society has cut the minimum length of time contractors must have worked on fixed-term contracts to make it easier for these workers to secure a mortgage. Get in touch with us today to speak with the UK\u2019s\u00a0Best Contractor Mortgage Broker. Nottingham Building Society has cut the minimum length of time contractors must have […]<\/p>\n","protected":false},"author":3,"featured_media":72239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[2237,411],"tags":[2238,2239,2242],"acf":[],"aioseo_notices":[],"yoast_head":"\nNottingham Building Society loosens criteria for contractors - UK Contractor Mortgages<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ukcontractormortgages.com\/nottingham-building-society-loosens-criteria-for-contractors\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nottingham Building Society loosens criteria for contractors\" \/>\n<meta property=\"og:description\" content=\"Nottingham Building Society has cut the minimum length of time contractors must have worked on fixed-term contracts to make it easier for these workers to secure a mortgage. 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