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 an IFA regarding my remortgage because I am on a fixed term contract of 3 years (an engineering contractor). My contract begin date last year. I am seeking a three year fixed rate mortgage. Property value £200,000, I want to borrow 132K. I purchased the property 3 years ago for 138K and I currently owe 120K to GE Money
I am a media contractor looking to buy a home in London. My next step is to secure a mortgage preferably with GE Money. Am I best advised to contact GE Money directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and GE Money.
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 peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
As a contractor (freelance journalist) do I really need to produce at least six months of both business and personal bank statements as part of the vetting process for GE Money.I am not convinced that my broker is correct.
Is it true that GE Money quote higher interest rates when it comes to mortgages for contractors?
The above information is in relation to properties in England and Wales.
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