RBS - Direct Line Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether RBS - Direct Line offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about RBS - Direct Line and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am looking for some mortgage advice. I am currently on a grad scheme, 18 months into a 2 contract. the chances of me being moved onto an employed basis are slim. So I suppose my question is, will RBS - Direct Line even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example RBS - Direct Line) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
Myself and my fiance are currently about to apply for our first mortgage with RBS - Direct Line. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a good salaryfor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
Were I to inform RBS - Direct Line that I’m contracting, will they charge me a higher rate on my home loan?
I have no idea if RBS - Direct Line grant contractor mortgages but in the event that they do how does a RBS - Direct Line contractor mortgage differ from a standard home loan?
The above information covers to properties in England and Wales.
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