Allied Irish Bank Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Allied Irish Bank offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Allied Irish Bank and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA concerning my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am looking for a 5 year fixed rate mortgage. Property value £200,000, I want to borrow £150,000. I purchased the property three years ago for 138K and I currently owe 120K to Allied Irish Bank
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 Allied Irish Bank?
Does the CML Lender's Handbook stipulate the requirements for Allied Irish Bank when it comes to contractor mortgages or self-employed mortgages.
Myself and my husband are currently about to apply for a mortgage with Allied Irish Bank. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Allied Irish Bank in my husband’s sole name?
I understand that for some banks ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Allied Irish Bank
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Allied Irish Bank