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 am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company confirming I will be transferred onto a permanent contract prior to the end of my set term? Would this help my cause when applying for a mortgage with lend
Do any sections of the CML Lender's Handbook stipulate the requirements for Atom Bank when it comes to contractor mortgages or self-employed mortgages.
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Atom Bank
Even though I am 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 Atom Bank.I am not convinced that my broker is correct.
My research online suggests that banks and building societies generally view contractors as high risk applicants; so demand 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 contractor-focused IFAs persuade lenders such as Atom Bank to offer funds on the more realistic basis of my contracted rate.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Atom Bank