Hampden Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Hampden offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Hampden and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Hampden. Am I best advised to contact Hampden directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Hampden.
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 125k contractor mortgage with a lender such as Hampden?
As contractor looking for a mortgage with Hampden 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.
I am finding the process of looking for 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.
Even though I am a contractor (HR consultant) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Hampden.I am not convinced that my broker is correct.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Hampden