Allied Irish Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Allied Irish Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Allied Irish Bank 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 Allied Irish Bank? I am a contractor but my partner has a permanent job. Will Allied Irish Bank take my salary should we make an application in both our names?
What criteria does a mortgage lender (for example Allied Irish Bank) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
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?
My research online suggests that banks and building societies generally view contractors as high risk applicants; so require 3 years’ accounts to validate 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 Allied Irish Bank to offer funds on the more realistic basis of my contracted rate.
Could a contractor mortgage with Allied Irish Bank be a better option for me than a standard Allied Irish Bank mortgage ?
The content set out above covers to properties in England and Wales.
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