Bank of Scotland Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Scotland offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Scotland and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Bank of Scotland. Should I contact Bank of Scotland directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and Bank of Scotland.
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 Bank of Scotland?
Does the CML Lender's Handbook set out the requirements for Bank of Scotland when it comes to contractor mortgages or self-employed mortgages.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
Is it true that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Bank of Scotland.
The content set out above is in relation to properties in England and Wales.
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