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 retained a broker concerning my remortgage because I am on a fixed term contract of 3 years (on a grad scheme). My contract begin date last year. I am looking for a 5 year fixed rate mortgage. Property worth 165K, I want to borrow £150,000. I purchased the property three years ago for 138K and I currently owe 165k to Bank of Scotland
I am a media contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from Bank of Scotland. Should I contact Bank of Scotland directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and Bank of Scotland.
Does the CML Lender's Handbook stipulate the requirements for Bank of Scotland when it comes to contractor mortgages or self-employed mortgages.
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any thoughts?
Notwithstanding that I am a contractor (HR consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Bank of Scotland even grant mortgages to contactors ?
The above information covers to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Scotland