Lloyds TSB Scotland Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Lloyds TSB Scotland offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Lloyds TSB Scotland 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 problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Lloyds TSB Scotland in his name using our joint deposit and for me to be added at a later date?
What is the situation with contractor mortgages and Lloyds TSB Scotland? I am a contractor but my OH has a permanent job. Will Lloyds TSB Scotland take my salary were we to make a joint application?
As contractor looking for a mortgage with Lloyds TSB Scotland 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.
How can I make myself more attractive to a lender such as Lloyds TSB Scotland when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I am lead to believe that banks and building societies generally consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an IT contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a broker specialising in contractor mortgages persuade lenders such as Lloyds TSB Scotland to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Lloyds TSB Scotland