Better HomeOwnership Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Better HomeOwnership offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Better HomeOwnership and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with an IFA concerning my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date this year. I am seeking a 5 year fixed rate mortgage. Property value 165K, I want to borrow 132K. I bought the property four years ago for £220,500 and I currently owe 115k to Better HomeOwnership
I am a finacial contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Better HomeOwnership. Should I contact Better HomeOwnership directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Better HomeOwnership.
What criteria does a mortgage lender (for example Better HomeOwnership) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
How can I make myself more attractive to a lender such as Better HomeOwnership when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I don't know whether Better HomeOwnership grant contractor mortgages but if they do how does a Better HomeOwnership contractor mortgage differ from a traditional home loan?
The content set out above is in relation to properties in England and Wales.
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