Accord Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Accord Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Accord Mortgages 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, One year into a two contract. the chances of me being moved onto a permanent contract are slim. My question is, will Accord Mortgages even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained a broker regarding my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract started date this year. I am seeking a three year fixed rate deal. Property worth £325k, I want to borrow 132K. I purchased the property 3 years ago for £220,500 and I currently owe 115k to Accord Mortgages
Do any sections of the CML Lender's Handbook set out the requirements for Accord Mortgages when it comes to contractor mortgages or self-employed mortgages.
I am finding the process of looking for a contractor mortgage extremely frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
Is it true that Accord Mortgages quote higher interest rates when it comes to mortgages for contractors?
The content set out above covers to properties in England and Wales.
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