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 Oil & Gas contractor looking to buy a home in Bedford. My next step is to secure a mortgage preferably from RBS- First Active. Should I contact RBS- First Active directly or seek the services of a contractor specialist mortgage broker who focuses on dealing with contractors and 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 85k 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 business?
Going through the contractor mortgage process to move to a buy to let with a new bank. All documents done and sent. Received communication from the lender to say they can't move ahead with process unless my current manager writes me a letter confirming that my contract will definitely get extended and when new end date will be. Any advice?
Is it correct that that as contractor I would require a huge deposit up to as much as 50 per cent to qualify for a mortgage with RBS- First Active.
The above information covers to properties in England and Wales.
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