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 is current approach to contractor mortgages and Bank of Scotland Private? I am a contractor but my partner has a permanent job. Will Bank of Scotland Private take my salary should we make a joint application?

I am a finacial contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Bank of Scotland Private. Should I contact Bank of Scotland Private directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Bank of Scotland Private.

As contractor looking for a mortgage with Bank of Scotland Private 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.

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?

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 Bank of Scotland Private

The content set out above is in relation to properties in England and Wales.

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