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.
Does the CML Lender's Handbook set out the requirements for Gen H when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Gen H) use to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
Myself and my husband are currently about to apply for a mortgage with Gen H. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy salary. Is it going to be a case of just getting a non-contractor mortgage with Gen H in my husband’s sole name?
How can I make myself more attractive to a lender such as Gen H when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
As a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Gen H even grant mortgages to contactors ?
The above information covers to properties in England and Wales.
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