Gen H Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Gen H offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Gen H and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently a media contractor, 12 months into a two contract. the chances of me being moved onto a permanent contract are slim. So I suppose my question is, will Gen H even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained a mortgage adviser regarding my remortgage because I have just won a fixed term contract of 3 years (a media contractor). My contract started date this year. I am looking for a three year fixed rate mortgage. Property worth 165K, I want to borrow 132K. I purchased the property 3 years ago for £220,500 and I currently owe 165k to Gen H
What criteria does a mortgage lender (for example Gen H) use to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
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. I am particularly interested in a mortgage deal with Gen H
As a contractor (in the Oil & Gas industry) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for Gen H.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 Gen H