Perenna Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Perenna offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Perenna and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Perenna? I am a contractor but my OH has a permanent job. Will Perenna take my salary if we make a joint application?
I am Oil & Gas contractor looking to buy a home in London. My next step is to secure a mortgage ideally from Perenna. Would it be wise to contact Perenna directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Perenna.
Does the CML Lender's Handbook set out the requirements for Perenna when it comes to contractor mortgages or self-employed mortgages.
Even though I am a contractor (IT consultant) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Perenna.I am not convinced that my broker is correct.
My research online suggests that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused IFAs persuade lenders such as Perenna to offer funds on the more realistic basis of my contracted rate.
The above information covers to properties in England and Wales.
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