Contractor mortgages from Royal Bank of Scotland (RBS) are now mostly routed through or in other words, processed via Natwest. Our team of contractor mortgage brokers have a strong relationship with Natwest. They have key contacts within the Royal Bank of Scotland (RBS) / Natwest, and have negotiated unique mortgage deals for contractors.
With the help of our team of mortgage brokers, you can secure the same mortgage deal as a permanent employee.
Natwest has a reputation of stringent lending criteria as they assess contractors' income through evidence of employed earnings via Payslips and/or P60s, where a contractor is trading through an umbrella company or using a payroll service.
For limited company contractors, Natwest (RBS) asks for the latest 2 years trading accounts, salary and dividend drawings details. They may or may not ask for an Accountant's reference and/or HMRC SA302.
Even though Natwest is mostly processing contractor mortgages, Royal Bank of Scotland (RBS) does offer contractor mortgages directly. However, they only lend to PAYE (Pay As You Earn) contractors. For contractors operating through Limited Company, there are much better options available, like Halifax or Clydesdale Bank. Please get in touch with us with your requirements and we'll be more than happy to assist you.
Halifax is a contractor friendly mortgage lender and offers up to 95% Loan to Value (LTV) with great interest rates and our team of brokers have negotiated exclusive mortgage deals for contractors.
Our team of mortgage brokers and advisors have helped thousands of contractors secure a mortgage, and that too with ease. We work with a network of reputed contractor mortgage brokers who have negotiated unique and exclusive mortgage deals with a wide range of mortgage lenders.