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 a freelance contractor. Mortgage options are being looked at but its tricky. I have considered is whether I could get a letter from my company confirming I will be transferred onto a permanent contract before the end of my set term? Would this assist my cause when applying for a mortgage with lend
What is current approach to contractor mortgages and RBS- First Active? I am a contractor but my husband has a permanent job. Will RBS- First Active take my salary should we make an application in both our names?
What criteria does a mortgage lender (for example RBS- First Active) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Myself and my husband are currently about to apply for a mortgage with RBS- First Active. Next month I commence working as a contractor. My husband is full time employed and so does have a meaningful income. Is it going to be a case of just getting a non-contractor mortgage with RBS- First Active in my husband’s sole name?
I have no idea if RBS- First Active are in the business of issuing contractor mortgages but in the event that they do how does a RBS- First Active contractor mortgage differ from a traditional mortgage?
The content set out above is in relation to properties in England and Wales.
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