Hampden Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Hampden offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Hampden and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
Do any sections of the UK Finance Lender's Handbook stipulate the requirements for Hampden when it comes to contractor mortgages or self-employed mortgages.
How can I make myself more attractive to a lender such as Hampden 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 Hampden even grant mortgages to contactors ?
My research online indicates that mortgage lenders generally view contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Hampden.
I have no idea whether Hampden grant contractor mortgages but in the event that they do how does a Hampden contractor mortgage differ from a standard home loan?
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Hampden