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.
Do any sections of the CML Lender's Handbook stipulate the requirements for Royal Bank of Scotland when it comes to contractor mortgages or self-employed mortgages.
What criteria does a mortgage lender (for example Royal Bank of Scotland) use to class a borrower as a contractor or self-employed. For instance does one have to own over a particular percentage of a business?
I am finding the process of looking for 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.
How can I make myself more attractive to a lender such as Royal Bank of Scotland when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
I'm an IT contractor, based on my accounts, my average net profit and director's salary is £55,731. I am looking to purchase a house in loc. What are the chances of being able to borrow 180k by way of a contractor mortgage with Englefield Green
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