Hodge Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Hodge offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Hodge and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Hodge. Should I contact Hodge directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Hodge.
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?
Do any sections of the CML Lender's Handbook stipulate the requirements for Hodge when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Hodge) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and submitted. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
The above information covers to properties in England and Wales.
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