Accord Buy to Let Contractor Mortgages - Help and FAQs

I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally from Accord Buy to Let. Am I best advised to contact Accord Buy to Let directly or seek the assistance of a contractor specialist mortgage broker who is used to dealing with contractors and Accord Buy to Let.

I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Accord Buy to Let?

Myself and my fiance are currently about to apply for our first mortgage with Accord Buy to Let. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a healthy salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?

Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Accord Buy to Let.

My research online indicates 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 paint an accurate picture of my income potential. Will a contractor-focused IFAs remove the hassle by making use of the expertise and contacts they have built up.