Accord Buy to Let Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Accord Buy to Let offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Accord Buy to Let 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 media contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Accord Buy to Let. Would it be wise to contact Accord Buy to Let directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Accord Buy to Let.
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 95k contractor mortgage with a lender such as Accord Buy to Let?
What criteria does a mortgage lender (for example Accord Buy to Let) adopt to class someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
As contractor looking for a mortgage with Accord Buy to Let will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
How can I make myself more attractive to a lender such as Accord Buy to Let when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The above information covers to properties in England and Wales.
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