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 three year contract. However, I'm unlikely to be moved onto a permanent contract until around December time. So I suppose my question is, will Scottish Building Society even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
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 125k contractor mortgage with a lender such as Scottish Building Society?
Does the CML Lender's Handbook stipulate the requirements for Scottish Building Society when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Scottish Building Society) use to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
As a contractor (freelance journalist) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Scottish Building Society.I am not convinced that my broker is correct.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Scottish Building Society