Adam & Company Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Adam & Company offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Adam & Company and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a broker regarding my remortgage because I have just won a fixed term contract of two years (on a grad scheme). My contract started date earlier this year. I am seeking a 5 year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I purchased the property 3 years ago for 138K and I currently owe 165k to Adam & Company
I am a finacial contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Adam & Company. Would it be wise to contact Adam & Company directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Adam & Company.
What criteria does a mortgage lender (for example Adam & Company) use to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
Going through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received communication from the lender to say they can't move ahead with process unless my current manager issues a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
Is it correct that that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Adam & Company.
The content set out above covers to properties in England and Wales.
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