Accord Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Accord Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Accord Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Accord Mortgages? I am a contractor but my husband has a permanent job. Will Accord Mortgages take my salary if we make an application in both our names?
Does the CML Lender's Handbook set out the requirements for Accord Mortgages when it comes to contractor mortgages or self-employed mortgages.
Me and and my wife are soon to submit for our first mortgage application with Accord Mortgages. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Accord Mortgages in my wife’s sole name?
My research online indicates that banks and building societies generally consider contractors as high risk applicants; so require 3 years’ accounts to validate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Accord Mortgages to offer funds on the more realistic basis of my contracted rate.
Could a contractor mortgage with Accord Mortgages be a better option for me than a traditional Accord Mortgages mortgage ?
The above information covers to properties in England and Wales.
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