Handelsbanken Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Handelsbanken offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Handelsbanken and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently an IT contractor, 12 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around May time. My question is, will Handelsbanken even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Handelsbanken) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
I am finding the process of trying to obtain a contractor mortgage extremely 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.
As a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Handelsbanken even grant mortgages to contactors ?
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 Handelsbanken.
The above information is in relation to properties in England and Wales.
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