Bank of Scotland Private Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Scotland Private offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Scotland Private 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. the chances of me being moved onto a permanent contract are slim. So I suppose my query is, will Bank of Scotland Private even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am an engineering contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably with Bank of Scotland Private. Am I best advised to contact Bank of Scotland Private directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Bank of Scotland Private.
What criteria does a mortgage lender (for example Bank of Scotland Private) adopt to categorise someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
I understand that for some banks ‘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 Bank of Scotland Private
Notwithstanding that I am a contractor (freelance journalist) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Bank of Scotland Private 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 Private