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 am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Handelsbanken. Should I contact Handelsbanken directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Handelsbanken.
What criteria does a mortgage lender (for example Handelsbanken) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
As contractor looking for a mortgage with Handelsbanken 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.
My research online suggests that mortgage lenders in the main consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a media contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by maximising use of the expertise and contacts they have established.
I don't know whether Handelsbanken grant contractor mortgages but in the event that they do how does a Handelsbanken contractor mortgage differ from a standard home loan?
The above information covers to properties in England and Wales.
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