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 have been dealing with a broker concerning my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract started date this year. I am seeking a five year fixed rate mortgage. Property value 165K, I want to borrow £150,000. I purchased the property three years ago for £220,500 and I currently owe 115k to Perenna
What is the situation with contractor mortgages and Perenna? I am a contractor but my husband has a permanent job. Will Perenna take my salary were we to make a joint application?
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?
If I tell Perenna that I’m contracting, will they charge me a higher rate on my home loan?
My research online suggests that mortgage lenders in the main consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Perenna.
The content set out above is in relation to properties in England and Wales.
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