RBS (One Account) Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether RBS (One Account) offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about RBS (One Account) 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, 18 months into a two contract. the chances of me being moved onto an employed basis are slim. My question is, will RBS (One Account) even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have retained an IFA regarding my remortgage because I have just won a fixed term contract of four years (a media contractor). My contract begin date this year. I am seeking a three year fixed rate deal. Property value 165K, I want to borrow £150,000. I bought the property four years ago for £220,500 and I currently owe 120K to RBS (One Account)
As contractor looking for a mortgage with RBS (One Account) 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 RBS (One Account) when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Could a contractor mortgage with RBS (One Account) be a better option for me than a traditional RBS (One Account) mortgage ?
The above information covers to properties in England and Wales.
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