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.
I have retained a mortgage adviser regarding my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract started date this year. I am looking for a three year fixed rate mortgage. Property value £325k, I want to borrow £150,000. I bought the property three years ago for 138K and I currently owe 115k to Bank of Scotland
I am a finacial contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally from Bank of Scotland. Am I best advised to contact Bank of Scotland directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Bank of Scotland.
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 85k contractor mortgage with a lender such as Bank of Scotland?
Going through the contractor mortgage process to move to a buy to let with a new bank. All documents done and submitted. Received communication from the lender to say they can't move forward with application unless my current manager issues a letter saying my contract will definitely get extended and when new end date will be. Any advice?
Were I to inform Bank of Scotland that I’m contracting, are they likely to charge me a higher rate on my mortgage?
The content set out above is in relation to properties in England and Wales.
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