Bank of Ireland Mortgages Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Ireland Mortgages offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Ireland Mortgages and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
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 125k contractor mortgage with a lender such as Bank of Ireland Mortgages?
Does the CML Lender's Handbook stipulate the requirements for Bank of Ireland Mortgages when it comes to contractor mortgages or self-employed mortgages.
How can I make myself more attractive to a lender such as Bank of Ireland Mortgages when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Is it true that Bank of Ireland Mortgages quote higher interest rates when it comes to mortgages for contractors?
My research online indicates that mortgage lenders generally view contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as a media contractor, this evidence is unlikely to reflect an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Bank of Ireland Mortgages to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
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