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.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and sent. Received communication from the lender to say they can't move forward with process unless my current manager writes me a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
How can I make myself more attractive to a lender such as Allied Irish Bank when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
As a contractor (in the Oil & Gas industry) do I really need to produce at least six months of both business and personal bank statements as part of the due diligence process for Allied Irish Bank.I am not convinced that my broker is correct.
My research online suggests that mortgage lenders generally view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as Allied Irish Bank.
I don't know whether Allied Irish Bank are in the business of issuing contractor mortgages but if they do how does a Allied Irish Bank contractor mortgage differ from a traditional mortgage?
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Allied Irish Bank