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 have been dealing with an IFA regarding my remortgage because I have just won a fixed term contract of 3 years (an engineering contractor). My contract begin date earlier this year. I am looking for a 5 year fixed rate deal. Property worth £200,000, I want to borrow 132K. I purchased the property 3 years ago for 138K and I currently owe 120K to RBS (One Account)
I am a media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from RBS (One Account). Would it be wise to contact RBS (One Account) directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and RBS (One Account).
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 95k contractor mortgage with a lender such as RBS (One Account)?
What criteria does a mortgage lender (for example RBS (One Account)) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
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.
The content set out above covers to properties in England and Wales.
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