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 two contract. the chances of me being moved onto an employed basis 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’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 85k contractor mortgage with a lender such as RBS- First Active?
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?
I am well aware that the days of self-certification contractor mortgages are long gone. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. I am particularly interested in a mortgage deal with RBS- First Active
Is it correct that that as contractor I would need a significant deposit up to as much as 50 per cent to qualify for a mortgage with RBS- First Active.
The content set out above covers to properties in England and Wales.
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