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 am looking for some mortgage advice. I am currently a finacial contractor, 12 months into a three year contract. the chances of me being moved onto a permanent contract are slim. My question is, will Perenna even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
Do any sections of the CML Lender's Handbook set out the requirements for Perenna when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Perenna 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 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?
My research online indicates that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker utilise bespoke underwriting with lenders such as Perenna.
The content set out above covers to properties in England and Wales.
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