April Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether April Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about April Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is current approach to contractor mortgages and April Mortgages? I am a contractor but my husband has a permanent job. Will April Mortgages take my salary were we to make an application in both our names?
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 95k contractor mortgage with a lender such as April Mortgages?
As contractor looking for a mortgage with April Mortgages 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.
Is it true that April Mortgages quote higher interest rates when it comes to mortgages for contractors?
I am lead to believe that banks and building societies generally view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker remove the hassle by making use of the expertise and contacts they have built up.
The above information covers to properties in England and Wales.
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