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.
I am an engineering contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with April Mortgages. Would it be wise to contact April Mortgages directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and April Mortgages.
I am finding the process of trying to obtain a contractor mortgage extremely frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
As a contractor (IT consultant) is it necessary for me to supply at least six months of both business and personal bank statements as part of the vetting process for April Mortgages.I am not convinced that my broker is correct.
Is it true that as contractor I would require a huge deposit up to as much as 50 per cent to qualify for a mortgage with April Mortgages.
I am lead to believe that banks and building societies generally view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering 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 April Mortgages.
The above information covers to properties in England and Wales.
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