Accord Buy to Let Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Accord Buy to Let offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Accord Buy to Let and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
My wife and I are soon to submit for our first mortgage application with Accord Buy to Let. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Accord Buy to Let in my wife’s sole name?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
Is it correct that Accord Buy to Let quote higher interest rates when it comes to mortgages for contractors?
I am lead to believe that banks and building societies in the main consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial 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 Accord Buy to Let to offer funds on the more realistic basis of my contracted rate.
I have no idea whether Accord Buy to Let grant contractor mortgages but if they do how does a Accord Buy to Let contractor mortgage differ from a traditional mortgage?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Accord Buy to Let