Scottish Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Scottish Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Scottish Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Scottish Building Society? I am a contractor but my hubby has a permanent job. Will Scottish Building Society take my salary should we make an application in both our names?
What criteria does a mortgage lender (for example Scottish Building Society) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
My wife and I are soon to submit for our first mortgage application with Scottish Building Society. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a six figure income. Is it going to be a case of just getting a non-contractor mortgage with Scottish Building Society in my wife’s name alone?
As a contractor (in the Oil & Gas industry) is it necessary for me to supply at least six months of both business and personal bank statements as part of the vetting process for Scottish Building Society.I am not convinced that my broker is correct.
Is it correct that that as contractor I would require a significant deposit up to as much as 50 per cent to qualify for a mortgage with Scottish Building Society.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Scottish Building Society