Perenna Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Perenna offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Perenna 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 mortgage adviser regarding my remortgage because I am on a fixed term contract of 3 years (a finacial contractor). My contract started date last year. I am looking for a three year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I purchased the property three years ago for £157,000 and I currently owe 115k to Perenna
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 85k contractor mortgage with a lender such as Perenna?
Me and and my wife are soon to submit for our first mortgage application with Perenna. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a healthy salary. Is it going to be a case of just getting a non-contractor mortgage with Perenna in my wife’s name only?
How can I make myself more attractive to a lender such as Perenna when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Is it correct that that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Perenna.
The content set out above covers to properties in England and Wales.
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