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, 18 months into a two contract. However, I'm unlikely to be moved onto a permanent contract until around June time. So I suppose my query is, will RBS- First Active even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What is current approach to contractor mortgages and RBS- First Active? I am a contractor but my hubby has a permanent job. Will RBS- First Active take my salary if we make an application in both our names?
I am an IT contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from RBS- First Active. Am I best advised to contact RBS- First Active directly or seek the help of a contractor specialist mortgage broker who is used to dealing with contractors and RBS- First Active.
Does the CML Lender's Handbook set out the requirements for RBS- First Active when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example RBS- First Active) adopt to categorise a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
The content set out above covers to properties in England and Wales.
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