Aldermore Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Aldermore Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Aldermore Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a self employed contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract prior to the expiry of my set term? Would this assist my cause when applying for a mortgage with lend
Does the UK Finance Lender's Handbook stipulate the requirements for Aldermore Bank when it comes to contractor mortgages or self-employed mortgages.
Notwithstanding that I am a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Aldermore Bank even grant mortgages to contactors ?
Is it true that Aldermore Bank quote higher interest rates when it comes to mortgages for contractors?
I am lead to believe that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker utilise bespoke underwriting with lenders such as Aldermore Bank.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Aldermore Bank