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 seeking some mortgage advice. I am currently on a grad scheme, 18 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around May time. So I suppose my query is, will Accord Buy to Let even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a broker concerning my remortgage because I have just won a fixed term contract of two years (on a grad scheme). My contract started date this year. I am looking for a three year fixed rate deal. Property worth £200,000, I want to borrow 132K. I purchased the property 3 years ago for 138K and I currently owe 165k to Accord Buy to Let
Do any sections of the CML Lender's Handbook set out the requirements for Accord Buy to Let when it comes to contractor mortgages or self-employed mortgages.
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.
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Accord Buy to Let.
The content set out above covers to properties in England and Wales.
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