Bank of Scotland Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Scotland offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of 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 a broker concerning my remortgage because I have just won a fixed term contract of 3 years (on a grad scheme). My contract begin date this year. I am looking for a five year fixed rate deal. Property value £325k, I want to borrow 132K. I bought the property three years ago for £157,000 and I currently owe 165k to Bank of Scotland
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Bank of Scotland in his name using our joint deposit and for me to be added at a later date?
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 75k contractor mortgage with a lender such as Bank of Scotland?
Me and and my wife are soon to submit for our first mortgage application with Bank of Scotland. Later this year I start working as a contractor. My wife is time employed as a lawyer and does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Bank of Scotland in my wife’s name only?
As a contractor (in the Oil & Gas industry) is it necessary for me to produce at least six months of both business and personal bank statements as part of the due diligence process for Bank of Scotland.I am not convinced that my broker is correct.
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Scotland