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.
What criteria does a mortgage lender (for example Bank of Scotland Private) use to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
How can I make myself more attractive to a lender such as Bank of Scotland Private when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Is it true that as contractor I would need a huge deposit up to as much as 50 per cent to qualify for a mortgage with Bank of Scotland Private.
I don't know if Bank of Scotland Private are in the business of issuing contractor mortgages but in the event that they do how does a Bank of Scotland Private contractor mortgage differ from a traditional home loan?
The content set out above covers to properties in England and Wales.
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