Atom Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Atom Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Atom 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 looking for some mortgage advice. I am currently a finacial contractor, One year into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around December time. My query is, will Atom Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Atom Bank. Would it be wise to contact Atom Bank directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Atom Bank.
What criteria does a mortgage lender (for example Atom Bank) adopt to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
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?
I am lead to believe that banks and building societies in the main consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial 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 Atom Bank.
The content set out above covers to properties in England and Wales.
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