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 am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am looking for a five year fixed rate deal. Property worth 165K, I want to borrow 132K. I bought the property four years ago for £157,000 and I currently owe 165k to Habito
What criteria does a mortgage lender (for example Habito) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Going through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and submitted. Received communication from the lender to say they can't move ahead with process unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
I'm a finacial contractor, according to my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of being able to borrow 195k by way of a contractor mortgage with Finedon
The above information covers to properties in England and Wales.
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