Aviva Equity Release Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Aviva Equity Release offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Aviva Equity Release and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am seeking some mortgage advice. I am currently on a grad scheme, One year into a three year contract. the chances of me being moved onto a permanent contract are slim. So I suppose my question is, will Aviva Equity Release even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with a mortgage adviser regarding my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date earlier this year. I am seeking a three year fixed rate mortgage. Property worth 165K, I want to borrow £150,000. I purchased the property 3 years ago for 138K and I currently owe 115k to Aviva Equity Release
What is current approach to contractor mortgages and Aviva Equity Release? I am a contractor but my partner has a permanent job. Will Aviva Equity Release take my salary were we to make an application in both our names?
Myself and my fiance are currently about to apply for our first mortgage with Aviva Equity Release. 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 good 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?
My research online indicates that mortgage lenders 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 utilise bespoke underwriting with lenders such as Aviva Equity Release.
The content set out above is in relation to properties in England and Wales.
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