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 have been dealing with an IFA regarding my remortgage because I have just won a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am looking for a five year fixed rate deal. Property value 165K, I want to borrow 132K. I purchased the property three years ago for £157,000 and I currently owe 115k to Gen H
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 95k contractor mortgage with a lender such as Gen H?
I understand that for some banks ‘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. I am particularly interested in a mortgage deal with Gen H
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 due diligence process for Gen H.I am not convinced that my broker is correct.
I'm a finacial contractor, based on my accounts, my average net profit and director's salary is £65,876. I am looking to purchase a house in loc. What are the chances of being able to borrow 195k via a contractor mortgage with Broadstone
The above information is in relation to properties in England and Wales.
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