GE Money Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether GE Money offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about GE Money and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a mortgage adviser concerning my remortgage because I am on a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date this year. I am looking for a 5 year fixed rate deal. Property worth £325k, I want to borrow 132K. I bought the property 3 years ago for 138K and I currently owe 165k to GE Money
What is the situation with contractor mortgages and GE Money? I am a contractor but my husband has a permanent job. Will GE Money take my salary were we to make an application in both our names?
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as GE Money?
What criteria does a mortgage lender (for example GE Money) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Notwithstanding that I am a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do GE Money even grant mortgages to contactors ?
The above information covers to properties in England and Wales.
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