Adam & Company International Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Adam & Company International offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Adam & Company International 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 a mortgage adviser concerning my remortgage because I am on a fixed term contract of 3 years (a finacial contractor). My contract begin date last year. I am seeking a three year fixed rate mortgage. Property worth £200,000, I want to borrow 132K. I purchased the property four years ago for 138K and I currently owe 165k to Adam & Company International
Do any sections of the CML Lender's Handbook set out the requirements for Adam & Company International when it comes to contractor mortgages or self-employed mortgages.
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 true that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Adam & Company International.
My research online indicates that mortgage lenders 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 contractor-focused IFAs persuade lenders such as Adam & Company International to offer funds on the more realistic basis of my contracted rate.
The above information covers to properties in England and Wales.
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