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.
Do any sections of the CML Lender's Handbook stipulate the requirements for Hodge when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Hodge will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
I understand that for some lenders ‘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 Hodge
Even though I am a contractor (in the Oil & Gas industry) is it necessary for me to supply at least six months of both business and personal bank statements as part of the due diligence process for Hodge.I am not convinced that my broker is correct.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Hodge