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.
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Bank of Scotland in his name using our joint deposit and for me to be added at a later date?
Do any sections of the UK Finance Lender's Handbook stipulate the requirements for Bank of Scotland when it comes to contractor mortgages or self-employed mortgages.
As contractor looking for a mortgage with Bank of Scotland 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.
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All documents done and sent. 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 be prolonged and when new end date will be. Any thoughts?
I don't know if Bank of Scotland are in the business of issuing contractor mortgages but if they do how does a Bank of Scotland contractor mortgage differ from a standard mortgage?
The content set out above is in relation to properties in England and Wales.
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