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.
What is the situation with contractor mortgages and Bank of Ireland Mortgages? I am a contractor but my hubby has a permanent job. Will Bank of Ireland Mortgages take my salary should we 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 75k contractor mortgage with a lender such as Bank of Ireland Mortgages?
As a contractor (HR consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Bank of Ireland Mortgages even grant mortgages to contactors ?
I am lead to believe that mortgage lenders in the main consider 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 give an accurate picture of my income potential. Will a broker specialising in contractor mortgages remove the hassle by maximising use of the expertise and contacts they have established.
I don't know whether Bank of Ireland Mortgages grant contractor mortgages but if they do how does a Bank of Ireland Mortgages contractor mortgage differ from a standard mortgage?
The above information is in relation to properties in England and Wales.
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