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.
What criteria does a mortgage lender (for example Accord Buy to Let) adopt to categorise someone as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
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.
Going through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and submitted. Received communication from the lender to say they can't move ahead with application unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
I'm an IT contractor, based on my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of borrowing 165k by way of a contractor mortgage with Englefield Green
Could a contractor mortgage with Accord Buy to Let be a better option for me than a standard Accord Buy to Let mortgage ?
The content set out above covers to properties in England and Wales.
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