Bank of Ireland Contractor Mortgages - Help and FAQs

I am seeking some mortgage advice. I am currently a finacial contractor, One year into a two contract. However, I'm unlikely to be moved onto a permanent contract until around June time. My query is, will Bank of Ireland even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?

I have retained an IFA concerning my remortgage because I am on a fixed term contract of four years (an IT contractor). My contract begin date this year. I am looking for a 5 year fixed rate deal. Property worth £325k, I want to borrow 132K. I bought the property 3 years ago for £220,500 and I currently owe 120K to Bank of Ireland

I am a finacial contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally with Bank of Ireland. Should I contact Bank of Ireland directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Bank of Ireland.

I understand that for some mortgage companies ‘contractors’ can be a red flag to their lending decision. 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 Bank of Ireland

My research online indicates that banks and building societies generally consider contractors as high risk applicants; so demand 3 years’ accounts to validate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Bank of Ireland to offer funds on the more realistic basis of my contracted rate.