Hodge Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Hodge offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Hodge and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently an IT contractor, 18 months into a two contract. the chances of me being moved onto an employed basis are slim. My query is, will Hodge even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am a media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably with Hodge. Am I best advised to contact Hodge directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Hodge.
Myself and my husband are currently about to apply for a mortgage with Hodge. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Hodge in my husband’s sole name?
My research online suggests that mortgage lenders mostly view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a media contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Hodge to offer funds on the more realistic basis of my contracted rate.
I have no idea whether Hodge are in the business of issuing contractor mortgages but in the event that they do how does a Hodge contractor mortgage differ from a standard home loan?
The content set out above covers to properties in England and Wales.
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