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 have retained an IFA concerning my remortgage because I have just won a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date last year. I am looking for a three year fixed rate deal. Property worth £325k, I want to borrow £150,000. I purchased the property three years ago for £220,500 and I currently owe 165k to Scottish Building Society

For three years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Scottish Building Society in his name using our joint deposit and for me to be added at a later date?

I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage preferably with Scottish Building Society. Would it be wise to contact Scottish Building Society directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Scottish Building Society.

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 75k contractor mortgage with a lender such as Scottish Building Society?

I am finding the process of trying to obtain a contractor mortgage extremely frustrating. I can't seem to find any lenders who really understand my situation and the challenges faced being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.

The above information covers to properties in England and Wales.

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