Royal Bank of Scotland Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Royal Bank of Scotland offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Royal 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 seeking some mortgage advice. I am currently on a grad scheme, 12 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around March time. My query is, will Royal Bank of Scotland even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is current approach to contractor mortgages and Royal Bank of Scotland? I am a contractor but my OH has a permanent job. Will Royal Bank of Scotland take my salary if we make a joint application?
What criteria does a mortgage lender (for example Royal Bank of Scotland) adopt to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a company?
As contractor looking for a mortgage with Royal Bank of 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 well aware that the days of self-certification contractor mortgages are long gone. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with Royal Bank of Scotland
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Royal Bank of Scotland