Bank of Ireland Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Ireland Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Ireland Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What criteria does a mortgage lender (for example Bank of Ireland Mortgages) use to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Me and and my wife are soon to submit for our first mortgage application with Bank of Ireland Mortgages. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a meaningful income. Is it going to be a case of just getting a non-contractor mortgage with Bank of Ireland Mortgages in my wife’s sole name?
How can I make myself more attractive to a lender such as Bank of Ireland Mortgages when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Were I to reveal to Bank of Ireland Mortgages that I’m contracting, will they charge me a higher rate on my mortgage?
I don't know if Bank of Ireland Mortgages are in the business of issuing contractor mortgages but if they do how does a Bank of Ireland Mortgages contractor mortgage differ from a standard mortgage?
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Ireland Mortgages