Lloyds TSB Scotland Contractor Mortgages - Help and FAQs

I am seeking some mortgage advice. I am currently on a grad scheme, One year into a two contract. However, I'm unlikely to be moved onto a permanent contract until around March time. My question is, will Lloyds TSB Scotland even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?

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 75k contractor mortgage with a lender such as Lloyds TSB Scotland?

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.

I am finding the process of trying to obtain a contractor mortgage extremely frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.

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.