Aldermore Bank Contractor Mortgages - Help and FAQs

Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Aldermore Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Aldermore Bank 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 an IFA concerning my remortgage because I have just won a fixed term contract of two years (a finacial contractor). My contract begin date earlier this year. I am looking for a five year fixed rate deal. Property value £325k, I want to borrow £150,000. I purchased the property four years ago for £157,000 and I currently owe 115k to Aldermore Bank

I am a freelance contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be moved onto a permanent contract prior to the expiry of my set term? Would this assist in applying for a mortgage with lend

What is current approach to contractor mortgages and Aldermore Bank? I am a contractor but my OH has a permanent job. Will Aldermore Bank take my salary should we make a joint application?

I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Aldermore Bank?

I'm an IT contractor, according to my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of being able to borrow 195k via a contractor mortgage with Englefield Green

The above information covers to properties in England and Wales.

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