RBS - Direct Line Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether RBS - Direct Line offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about RBS - Direct Line 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, One year into a 2 contract. the chances of me being moved onto an employed basis are slim. My query is, will RBS - Direct Line even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
For some years now I have been a self employed contractor. Mortgage options are being looked at but it's problematic. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with RBS - Direct Line in his name using our joint deposit and for me to be added at a later date?
What is current approach to contractor mortgages and RBS - Direct Line? I am a contractor but my husband has a permanent job. Will RBS - Direct Line take my salary if we make a joint application?
What criteria does a mortgage lender (for example RBS - Direct Line) adopt to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
Is it true that as contractor I would require a huge deposit up to as much as 50 per cent to qualify for a mortgage with RBS - Direct Line.
The above information is in relation to properties in England and Wales.
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