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.
I am looking for some mortgage advice. I am currently on a grad scheme, 18 months into a two contract. the chances of me being moved onto a permanent contract are slim. My question is, will Bank of Scotland Private even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Bank of Scotland Private) use to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. Received a call from the lender to say they can't move forward with application unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any thoughts?
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 healthy income. Is it going to be a case of just getting a non-contractor mortgage with Bank of Scotland Private in my wife’s sole name?
I am well aware that the days of self-certification contractor mortgages are long gone. 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 Bank of Scotland Private
The above information covers to properties in England and Wales.
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