Gen H Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Gen H offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Gen H and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is current approach to contractor mortgages and Gen H? I am a contractor but my OH has a permanent job. Will Gen H take my salary were we to make a joint application?
What criteria does a mortgage lender (for example Gen H) use to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Myself and my fiance are currently about to apply for our first mortgage with Gen H. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed by the NHS as a doctor, and so does have a healthy salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Gen H
As a contractor (HR consultant) do I really need to produce at least six months of both business and personal bank statements as part of the vetting process for Gen H.I am not convinced that my broker is correct.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Gen H