RBS - Virgin One Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether RBS - Virgin One offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about RBS - Virgin One and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I am a freelance contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be transferred onto a permanent contract before the end of my set term? Would this help my cause when applying for a mortgage with lend
How can I make myself more attractive to a lender such as RBS - Virgin One when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I understand that for some mortgage companies ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with RBS - Virgin One
Even though I am a contractor (HR consultant) do I really need to produce at least six months of both business and personal bank statements as part of the vetting process for RBS - Virgin One.I am not convinced that my broker is correct.
My research online suggests that mortgage lenders in the main consider contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a media contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as RBS - Virgin One to offer funds on the more realistic basis of my contracted rate.
The content set out above covers to properties in England and Wales.
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