Bank of Ireland Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Ireland Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Ireland Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with an IFA regarding my remortgage because I have just won a fixed term contract of four years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date earlier this year. I am seeking a five year fixed rate mortgage. Property worth £200,000, I want to borrow 132K. I bought the property 3 years ago for £157,000 and I currently owe 120K to Bank of Ireland Mortgages
What is current approach to contractor mortgages and Bank of Ireland Mortgages? I am a contractor but my husband has a permanent job. Will Bank of Ireland Mortgages take my salary if we make a joint application?
I am a media contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with Bank of Ireland Mortgages. Am I best advised to contact Bank of Ireland Mortgages directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Bank of Ireland Mortgages.
Does the CML Lender's Handbook stipulate the requirements for Bank of Ireland Mortgages when it comes to contractor mortgages or self-employed mortgages.
My research online indicates that banks and building societies generally view contractors as high risk applicants; so require 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 broker specialising in contractor mortgages persuade lenders such as Bank of Ireland Mortgages to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Ireland Mortgages