Bank of Scotland Private Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Scotland Private offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Scotland Private and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have been dealing with a broker regarding my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date this year. I am seeking a 5 year fixed rate mortgage. Property worth £325k, I want to borrow 132K. I bought the property three years ago for £220,500 and I currently owe 165k to Bank of Scotland Private
I am a finacial contractor looking to buy a home in Nottingham. My next step is to secure a mortgage preferably from Bank of Scotland Private. Should I contact Bank of Scotland Private directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and Bank of Scotland Private.
As contractor looking for a mortgage with Bank of Scotland Private 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 bank. All documents done and sent. Received a call from the lender to say they can't move forward with application unless my current manager writes me a letter saying my contract will definitely get extended and when new end date will be. Any advice?
Even though I am a contractor (HR consultant) do I really need to produce at least six months of both business and personal bank statements as part of the due diligence process for Bank of Scotland Private.I am not convinced that my broker is correct.
The content set out above is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Scotland Private