Scottish Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Scottish Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Scottish Building Society 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, One year into a two contract. However, I'm unlikely to be moved onto a permanent contract until around June time. So I suppose my query is, will Scottish Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
As contractor looking for a mortgage with Scottish Building Society 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.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and sent. Received communication from the lender to say they can't move forward with application unless my current manager issues a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
Myself and my husband are currently about to apply for a mortgage with Scottish Building Society. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy income. Is it going to be a case of just getting a non-contractor mortgage with Scottish Building Society in my husband’s sole name?
I have no idea whether Scottish Building Society are in the business of issuing contractor mortgages but if they do how does a Scottish Building Society contractor mortgage differ from a standard home loan?
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