Bank of Ireland Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Ireland offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Ireland and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently on a grad scheme, One year into a three year contract. the chances of me being moved onto an employed basis are slim. My question is, will Bank of Ireland even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Bank of Ireland) 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?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any advice?
I am finding the process of looking for a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
How can I make myself more attractive to a lender such as Bank of Ireland when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Ireland