RBS - Direct Line One Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether RBS - Direct Line One offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about RBS - Direct Line 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 looking for some mortgage advice. I am currently on a grad scheme, 18 months into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around May time. My question is, will RBS - Direct Line One even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
As contractor looking for a mortgage with RBS - Direct Line One 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.
How can I make myself more attractive to a lender such as RBS - Direct Line 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. In particular I have my eye on a mortgage deal with RBS - Direct Line One
Is it true that RBS - Direct Line One quote higher interest rates when it comes to mortgages for contractors?
The above information covers to properties in England and Wales.
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