RBS - Virgin One Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether RBS - Virgin One offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about RBS - Virgin One 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 an engineering contractor, 12 months into a two contract. the chances of me being moved onto an employed basis are slim. My question is, will RBS - Virgin One even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
As contractor looking for a mortgage with RBS - Virgin One 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.
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and submitted. Received a call from the lender to say they can't move forward with application unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
I understand that for some lenders ‘contractors’ can be a red flag to their lending decision. 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 RBS - Virgin One
Could a contractor mortgage with RBS - Virgin One be a better option for me than a traditional RBS - Virgin One mortgage ?
The content set out above is in relation to properties in England and Wales.
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