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 have retained an IFA regarding my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract begin date earlier this year. I am looking for a five year fixed rate deal. Property value 165K, I want to borrow £150,000. I purchased the property four years ago for £220,500 and I currently owe 165k to RBS - Virgin One
Does the CML Lender's Handbook stipulate the requirements for RBS - Virgin One when it comes to contractor mortgages or self-employed mortgages.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All documents done and sent. Received communication from the lender to say they can't move forward with application unless my current manager issues a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
As a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do RBS - Virgin One even grant mortgages to contactors ?
The above information is in relation to properties in England and Wales.
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