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 retained a broker concerning my remortgage because I have just won a fixed term contract of two years (on a grad scheme). My contract begin date earlier this year. I am looking for a three year fixed rate mortgage. Property worth £200,000, I want to borrow £150,000. I bought the property four years ago for £157,000 and I currently owe 115k to Gen H
Does the CML Lender's Handbook set out the requirements for Gen H when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Gen H 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.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received communication from the lender to say they can't move ahead with process unless my current manager writes me a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. 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 Gen H
The above information covers to properties in England and Wales.
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