Royal Bank of Scotland Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Royal Bank of Scotland offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Royal Bank of Scotland 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 on a grad scheme, 12 months into a three year contract. However, I'm unlikely to be moved onto a permanent contract until around March time. So I suppose my query is, will Royal Bank of Scotland even consider me for a mortgage before then? Is there such thing as a ‘contractor mortgage’?
What criteria does a mortgage lender (for example Royal Bank of Scotland) 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?
Me and and my wife are soon to submit for our first mortgage application with Royal Bank of Scotland. Later this year I start working as a contractor. My wife is time employed as a surgeon and does have a meaningful income. Is it going to be a case of just getting a non-contractor mortgage with Royal Bank of Scotland in my wife’s name only?
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 if Royal Bank of Scotland are in the business of issuing contractor mortgages but if they do how does a Royal Bank of Scotland contractor mortgage differ from a traditional mortgage?
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