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 looking for some mortgage advice. I am currently a finacial contractor, 12 months into a 2 contract. the chances of me being moved onto an employed basis are slim. 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’?
I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be transferred onto a permanent contract before the end of my set term? Would this help my cause when applying for a mortgage with lend
I am a media contractor looking to buy a home in Nottingham. My next step is to secure a mortgage ideally with RBS- First Active. Should I contact RBS- First Active directly or seek the help of a contractor specialist mortgage broker who focuses on dealing with contractors and 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?
I understand that for some mortgage companies ‘contractors’ can be a red flag to their lending decision. Are there any lenders that take the same approach to mortgages for contractors as they do for standard home loan applications. In particular I have my eye on a mortgage deal with RBS- First Active
The above information is in relation to properties in England and Wales.
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