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.
What is the situation with contractor mortgages and Hodge? I am a contractor but my partner has a permanent job. Will Hodge take my salary were we to make a joint application?
I am finding the process of looking for a contractor mortgage very frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
Even though I am 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 due diligence process for Hodge.I am not convinced that my broker is correct.
My research online suggests that banks and building societies generally view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages remove the hassle by making use of the expertise and contacts they have established.
I have no idea whether Hodge are in the business of issuing contractor mortgages but if they do how does a Hodge contractor mortgage differ from a traditional mortgage?
The content set out above covers to properties in England and Wales.
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