Atom Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Atom Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Atom 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 four years (on a grad scheme). My contract begin date earlier this year. I am seeking a three year fixed rate deal. Property value 165K, I want to borrow 132K. I bought the property four years ago for £157,000 and I currently owe 165k to Atom Bank
What criteria does a mortgage lender (for example Atom Bank) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
As contractor looking for a mortgage with Atom Bank 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.
Me and and my wife are soon to submit for our first mortgage application with Atom Bank. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a meaningful income. Is it going to be a case of just getting a non-contractor mortgage with Atom Bank in my wife’s sole name?
I'm an IT contractor, based on my accounts, my average net profit and director's salary is £65,876. I am looking to purchase a house in loc. What are the chances of being able to borrow 180k via a contractor mortgage with Englefield Green
The above information covers to properties in England and Wales.
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