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 concerning my remortgage because I have just won a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date last year. I am looking for a five year fixed rate mortgage. Property worth 165K, I want to borrow £150,000. I purchased the property three years ago for £157,000 and I currently owe 115k to Bank of Scotland Private
I am a finacial contractor looking to buy a home in Bedford. My next step is to secure a mortgage ideally with Bank of Scotland Private. Should I contact Bank of Scotland Private directly or seek the services of a contractor specialist mortgage broker who is used to dealing with contractors and Bank of Scotland Private.
What criteria does a mortgage lender (for example Bank of Scotland Private) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own more than 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 documents done and sent. Received a call from the lender to say they can't move forward with process unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
Even though I am a contractor (freelance journalist) do I really need to supply at least six months of both business and personal bank statements as part of the vetting process for Bank of Scotland Private.I am not convinced that my broker is correct.
The content set out above covers to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Scotland Private