Handelsbanken Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Handelsbanken offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Handelsbanken and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What criteria does a mortgage lender (for example Handelsbanken) adopt to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
As contractor looking for a mortgage with Handelsbanken 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 husband are currently about to apply for a mortgage with Handelsbanken. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful income. Is it going to be a case of just getting a non-contractor mortgage with Handelsbanken in my husband’s name alone?
I am finding the process of looking for a contractor mortgage very 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.
I am lead to believe that banks and building societies in the main consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Handelsbanken to offer funds on the more realistic basis of my contracted rate.
The above information is in relation to properties in England and Wales.
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