Scottish Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Scottish Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Scottish Building Society 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 an IFA concerning my remortgage because I am on a fixed term contract of 3 years (a media contractor). My contract begin date this year. I am seeking a five year fixed rate mortgage. Property value 165K, I want to borrow £150,000. I purchased the property 3 years ago for £157,000 and I currently owe 120K to Scottish Building Society
Going through the contractor mortgage process to move to a buy to let with a new bank. All paperwork completed and sent. 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 get extended and when new end date will be. Any thoughts?
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?
Notwithstanding that I am a contractor (IT consultant) do I really need to have three years of accounts in order to apply for a mortgage with lend? Do Scottish Building Society even grant mortgages to contactors ?
Could a contractor mortgage with Scottish Building Society be a better option for me than a traditional Scottish Building Society mortgage ?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Scottish Building Society