Adam & Company Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Adam & Company offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Adam & Company 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 broker regarding my remortgage because I am on a fixed term contract of 3 years (a media contractor). My contract begin date last year. I am looking for a three year fixed rate mortgage. Property value £325k, I want to borrow 132K. I purchased the property four years ago for £157,000 and I currently owe 120K to Adam & Company
As contractor looking for a mortgage with Adam & Company will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
I am well aware that the days of self-certification contractor mortgages are a thing of the past. 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 Adam & Company
As a contractor (in the Oil & Gas industry) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Adam & Company.I am not convinced that my broker is correct.
My research online indicates that mortgage lenders mostly view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial 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 Adam & Company.
The content set out above is in relation to properties in England and Wales.
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