Bank of Scotland Private Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Scotland Private offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Scotland Private and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
As contractor looking for a mortgage with Bank of Scotland Private 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.
My wife and I are soon to submit for our first mortgage application with Bank of Scotland Private. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a meaningful salary. Is it going to be a case of just getting a non-contractor mortgage with Bank of Scotland Private in my wife’s name alone?
How can I make myself more attractive to a lender such as Bank of Scotland Private when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
As a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Bank of Scotland Private even grant mortgages to contactors ?
Is it correct that that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with Bank of Scotland Private.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Scotland Private