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 am seeking some mortgage advice. I am currently on a grad scheme, 12 months into a 2 contract. the chances of me being moved onto an employed basis are slim. So I suppose my query is, will Bank of Scotland Private even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I am an engineering contractor looking to buy a home in London. My next step is to secure a mortgage ideally with Bank of Scotland Private. Would it be wise to contact Bank of Scotland Private directly or seek the services of a contractor specialist mortgage broker who focuses on 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.
Myself and my husband are currently about to apply for a mortgage with Bank of Scotland Private. Next month I commence working as a contractor. My husband is full time employed and so does have a healthy salary. Is it going to be a case of just getting a non-contractor mortgage with Bank of Scotland Private in my husband’s sole name?
How can I make myself more attractive to a lender such as Bank of Scotland Private when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Scotland Private