Hodge Equity Release Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Hodge Equity Release offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Hodge Equity Release 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 concerning my remortgage because I am on a fixed term contract of two years (on a grad scheme). My contract started date last year. I am looking for a three year fixed rate mortgage. Property worth 165K, I want to borrow £150,000. I bought the property four years ago for 138K and I currently owe 120K to Hodge Equity Release
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 75k contractor mortgage with a lender such as Hodge Equity Release?
Me and and my wife are soon to submit for our first mortgage application with Hodge Equity Release. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Hodge Equity Release in my wife’s name only?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Hodge Equity Release.
The content set out above covers to properties in England and Wales.
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