Habito Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Habito offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Habito 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 have just won a fixed term contract of two years (an engineering contractor). My contract started date this year. I am looking for a five year fixed rate mortgage. Property worth £200,000, I want to borrow 132K. I purchased the property three years ago for £157,000 and I currently owe 165k to Habito
What is current approach to contractor mortgages and Habito? I am a contractor but my OH has a permanent job. Will Habito take my salary if we make a joint application?
How can I make myself more attractive to a lender such as Habito when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I understand that for some banks ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Habito
I am lead to believe that banks and building societies generally view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a broker specialising in contractor mortgages remove the hassle by making use of the expertise and contacts they have established.
The above information covers to properties in England and Wales.
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