Handelsbanken Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Handelsbanken offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Handelsbanken 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 regarding my remortgage because I am on a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date earlier this year. I am seeking a five year fixed rate mortgage. Property value 165K, I want to borrow £150,000. I bought the property four years ago for £220,500 and I currently owe 115k to Handelsbanken
What criteria does a mortgage lender (for example Handelsbanken) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and sent. Received communication from the lender to say they can't move ahead with application unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
Is it true that Handelsbanken quote higher interest rates in respect of mortgages for contractors?
My research online suggests that banks and building societies in the main view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Handelsbanken.
The above information covers to properties in England and Wales.
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