Allied Irish Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Allied Irish Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Allied Irish Bank 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 mortgage adviser concerning my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date this year. I am seeking a three year fixed rate deal. Property worth £200,000, I want to borrow £150,000. I purchased the property four years ago for 138K and I currently owe 120K to Allied Irish Bank
I am a freelance contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company confirming I will be transferred onto a permanent contract prior to the end of my set term? Would this help my cause when applying for a mortgage with lend
Myself and my husband are currently about to apply for a mortgage with Allied Irish Bank. Next month I commence working as a contractor. My husband is full time employed and so does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with Allied Irish Bank in my husband’s sole name?
Even though I am a contractor (freelance journalist) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for Allied Irish Bank.I am not convinced that my broker is correct.
I am lead to believe that banks and building societies in the main consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a media contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused IFAs utilise bespoke underwriting with lenders such as Allied Irish Bank.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Allied Irish Bank