Scottish Widows Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Scottish Widows offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Scottish Widows and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
What is the situation with contractor mortgages and Scottish Widows? I am a contractor but my partner has a permanent job. Will Scottish Widows take my salary were we to make an application in both our names?
I am an IT contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Scottish Widows. Am I best advised to contact Scottish Widows directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Scottish Widows.
What criteria does a mortgage lender (for example Scottish Widows) adopt to class someone as a contractor or self-employed. For instance does one have to own over a particular percentage of a company?
in the throws of proceeding through the contractor mortgage process to move to a buy to let with a new lender. All paperwork completed and sent. Received a call from the lender to say they can't move forward with process unless my current manager issues a letter saying my contract will definitely be prolonged and when new end date will be. Any advice?
Myself and my fiance are currently about to apply for our first mortgage with Scottish Widows. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as a lawyer, and so does have a good incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Scottish Widows