Lloyds TSB Scotland Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Lloyds TSB Scotland offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Lloyds TSB Scotland and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with an IFA concerning my remortgage because I have just won a fixed term contract of four years (a media contractor). My contract begin date earlier this year. I am looking for a three year fixed rate deal. Property value £200,000, I want to borrow £150,000. I bought the property three years ago for £157,000 and I currently owe 115k to Lloyds TSB Scotland
I am well aware that the days of self-certification contractor mortgages are a thing of the past. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with Lloyds TSB Scotland
Notwithstanding that I am a contractor (in the Oil & Gas industry) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Lloyds TSB Scotland even grant mortgages to contactors ?
Is it true that Lloyds TSB Scotland quote higher interest rates when it comes to mortgages for contractors?
Could a contractor mortgage with Lloyds TSB Scotland be a better option for me than a traditional Lloyds TSB Scotland mortgage ?
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Lloyds TSB Scotland