RBS - Direct Line One Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether RBS - Direct Line One offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about RBS - Direct Line One and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with RBS - Direct Line One in his name using our joint deposit and for me to be added at a later date?
What criteria does a mortgage lender (for example RBS - Direct Line One) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
As contractor looking for a mortgage with RBS - Direct Line One will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with RBS - Direct Line One
As a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do RBS - Direct Line One even grant mortgages to contactors ?
The content set out above covers to properties in England and Wales.
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