Gen H Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Gen H offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Gen H and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently on a grad scheme, One year into a 2 contract. the chances of me being moved onto an employed basis are slim. So I suppose my question is, will Gen H even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Does the UK Finance Lender's Handbook set out the requirements for Gen H when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Gen H will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Myself and my fiance are currently about to apply for our first mortgage with Gen H. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed by the NHS as a doctor, and so does have a good salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
I'm a finacial contractor, according to my accounts, my average net profit and director's salary is £45,000. I am looking to purchase a house in loc. What are the chances of borrowing 165k by way of a contractor mortgage with Finedon
The content set out above is in relation to properties in England and Wales.
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