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 looking for some mortgage advice. I am currently a media contractor, One year into a 2 contract. However, I'm unlikely to be moved onto a permanent contract until around December time. So I suppose my query is, will RBS - Virgin One even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done and submitted. Received communication from the lender to say they can't move ahead with application unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any thoughts?
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 am lead to believe that mortgage lenders mostly consider contractors as high risk applicants; so demand 3 years’ accounts to substantiate mortgage affordability. In my case as an engineering contractor, this evidence is unlikely to give an accurate picture of my income potential. Will a broker specialising in contractor mortgages utilise bespoke underwriting with lenders such as RBS - Virgin One.
I don't know if RBS - Virgin One are in the business of issuing contractor mortgages but if they do how does a RBS - Virgin One contractor mortgage differ from a standard mortgage?
The above information is in relation to properties in England and Wales.
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