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 have retained a mortgage adviser concerning my remortgage because I am on a fixed term contract of 3 years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract started date earlier this year. I am seeking a three year fixed rate mortgage. Property worth £325k, I want to borrow £150,000. I bought the property three years ago for £157,000 and I currently owe 115k to RBS- First Active
Me and and my wife are soon to submit for our first mortgage application with RBS- First Active. Later this year I start working as a contractor. My wife is time employed as an accountant and does have a six figure salary. Is it going to be a case of just getting a non-contractor mortgage with RBS- First Active in my wife’s name alone?
I am finding the process of trying to obtain a contractor mortgage very frustrating. There doesn't seem to be many lenders who really understand my situation and the peculiarities of being a contractor. Are there any mortgage underwriters who apply a common sense to ensure getting a contractor mortgage is as straightforward as possible.
My existing mortgage lender had given us consent to let. My situation changed last year, I started my own company and started working as a contractor. Are you able to recommend a lender who specialises in contractor mortgages?
I have no idea whether RBS- First Active are in the business of issuing contractor mortgages but if they do how does a RBS- First Active contractor mortgage differ from a standard mortgage?
The above information covers to properties in England and Wales.
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