RBS- First Active Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether RBS- First Active offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about RBS- First Active 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 a permanent contract are slim. My question is, will RBS- First Active even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
I have been dealing with an IFA regarding my remortgage because I am on a fixed term contract of four years (on a grad scheme). My contract begin date last year. I am looking for a three year fixed rate mortgage. Property value 165K, I want to borrow £150,000. I purchased the property four years ago for £157,000 and I currently owe 165k to RBS- First Active
I’m in a bit of an onerous situation in as much as I and my partner are both self-employed (contractors) without any great accounts to show, although things are on the up I hope for this to change shortly. Basically my question for you is how hard would it be to get a 125k contractor mortgage with a lender such as RBS- First Active?
What criteria does a mortgage lender (for example RBS- First Active) use 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?
Going through the contractor mortgage process to move to a buy to let with a new mortgage company. All documents done 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?
The content set out above covers to properties in England and Wales.
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