Allied Irish Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Allied Irish Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Allied Irish Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Allied Irish Bank in his name using our joint deposit and for me to be added at a later date?
What is the situation with contractor mortgages and Allied Irish Bank? I am a contractor but my partner has a permanent job. Will Allied Irish Bank take my salary if we make a joint application?
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 85k contractor mortgage with a lender such as Allied Irish Bank?
If I inform Allied Irish Bank that I’m contracting, will they charge me a higher rate on my home loan?
My research online indicates that banks and building societies in the main view contractors as high risk applicants; so demand 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 contractor-focused IFAs persuade lenders such as Allied Irish Bank to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
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