Aldermore Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Aldermore Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Aldermore Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently on a grad scheme, 12 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around March time. So I suppose my query is, will Aldermore Bank even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am a finacial contractor looking to buy a home in London. My next step is to secure a mortgage preferably with Aldermore Bank. Would it be wise to contact Aldermore Bank directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Aldermore Bank.
Do any sections of the CML Lender's Handbook set out the requirements for Aldermore Bank when it comes to contractor mortgages or self-employed mortgages.
I am lead to believe that banks and building societies mostly view contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by maximising use of the expertise and contacts they have built up.
Could a contractor mortgage with Aldermore Bank be a better option for me than a standard Aldermore Bank mortgage ?
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