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.
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?
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.
As a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Habito even grant mortgages to contactors ?
My research online indicates that mortgage lenders in the main view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Habito to offer funds on the more realistic basis of my contracted rate.
Could a contractor mortgage with Habito be a better option for me than a traditional Habito mortgage ?
The content set out above is in relation to properties in England and Wales.
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