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.
I have been dealing with a broker regarding my remortgage because I am on a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am looking for a five year fixed rate mortgage. Property worth £200,000, I want to borrow 132K. I bought the property three years ago for 138K and I currently owe 165k to RBS - Direct Line One
What is the situation with contractor mortgages and RBS - Direct Line One? I am a contractor but my partner has a permanent job. Will RBS - Direct Line One take my salary were we to 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 125k contractor mortgage with a lender such as RBS - Direct Line One?
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 over a particular percentage of a business?
Could a contractor mortgage with RBS - Direct Line One be a better option for me than a traditional RBS - Direct Line One mortgage ?
The above information covers to properties in England and Wales.
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