Bank of Scotland Private Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Bank of Scotland Private offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Bank of Scotland Private and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained an IFA regarding my remortgage because I have just won a fixed term contract of four years (on a grad scheme). My contract started date earlier this year. I am looking for a three year fixed rate mortgage. Property worth £200,000, I want to borrow 132K. I bought the property four years ago for £157,000 and I currently owe 115k to Bank of Scotland Private
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 125k contractor mortgage with a lender such as Bank of Scotland Private?
I understand that for some lenders ‘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. I am particularly interested in a mortgage deal with Bank of Scotland Private
As a contractor (freelance journalist) do I really need to supply at least six months of both business and personal bank statements as part of the due diligence process for Bank of Scotland Private.I am not convinced that my broker is correct.
I don't know if Bank of Scotland Private grant contractor mortgages but in the event that they do how does a Bank of Scotland Private contractor mortgage differ from a traditional mortgage?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Bank of Scotland Private