GE Money Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether GE Money offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about GE Money and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with GE Money in his name using our joint deposit and for me to be added at a later date?
What criteria does a mortgage lender (for example GE Money) adopt to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
As contractor looking for a mortgage with GE Money 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.
I am well aware that the days of self-certification contractor mortgages are long gone. 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 GE Money
I don't know if GE Money are in the business of issuing contractor mortgages but in the event that they do how does a GE Money contractor mortgage differ from a standard mortgage?
The content set out above is in relation to properties in England and Wales.
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