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 am an IT contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally from Bank of Scotland. Should I contact Bank of Scotland directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Bank of Scotland.
Does the CML 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.
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All paperwork completed and submitted. Received a call from the lender to say they can't move ahead with application unless my current manager issues a letter confirming that my contract will definitely be prolonged and when new end date will be. Any thoughts?
I am well aware that the days of self-certification contractor mortgages are a thing of the past. 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
The content set out above covers to properties in England and Wales.
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