Bank of Scotland Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Scotland offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Scotland and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Bank of Scotland? I am a contractor but my hubby has a permanent job. Will Bank of Scotland take my salary if we make an application in both our names?
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 95k contractor mortgage with a lender such as Bank of Scotland?
Do any sections of the UK Finance Lender's Handbook set out the requirements for Bank of Scotland when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Bank of Scotland) adopt to class a borrower as a contractor or self-employed. For instance does one have to own more than a particular percentage of a business?
As a contractor (HR consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Bank of Scotland even grant mortgages to contactors ?
The content set out above is in relation to properties in England and Wales.
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