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.
Do any sections of the CML Lender's Handbook stipulate the requirements for Aldermore Bank when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Aldermore Bank) adopt to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
How can I make myself more attractive to a lender such as Aldermore Bank when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Aldermore Bank
Were I to reveal to Aldermore Bank that I’m contracting, are they likely to charge me a higher rate on my home loan?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Aldermore Bank