Top Contractor Mortgage Deals
Our mortgage partners have negotiated a number of top contractor mortgage deals.
Is it a good time to go for a variable rate?
Many house owners are expecting the interest rates from their variable mortgages to rise within the next year or so which will increase their repayments. So, contractors would be best to take a fixed rate mortgage if they want the top contractor mortgage deals.
Our partners have got credibility in the specialist contractor mortgages market. This is because their contractors have made all their repayments and don’t tend to have to give back the keys.
This is, also, because most of them take fixed rate mortgages and don’t have the worry of repayments rising when interest rates go up. Therefore, it’s as good a time as any for contractors to take fixed rate loans.
Here’s a tip. Recently the difference between 2-year and 5-year fixed rate mortgages has narrowed. So, it would be a good idea for contractors to pay the little extra and fix for 5 years rather than just 2 years.
Specialist Top Contractor Mortgage Deals
Our partners have found a new lender in the specialist contractor mortgages market who have this top contractor mortgage deal:-
– A 2 year fixed rate at 2.29% based on an 85% LTV
– £999 arrangement fee that can be added to the mortgage
– A 5 year fixed rate at 3.29% based on an 85% LTV
– £1,999 arrangement fee that can be added to the mortgage
Another great deal secure by our mortgage partners with yet another lender is for those who only have a 5% deposit and have been contracting for more than 3 years.
They are offering:
– A 3 years fixed rate at 4.99% based on a 95% LTV
– No arrangement fee
Specialist Contractor Mortgages
Our contractor mortgages partner’s advisers will give you the best advice on which options are best for you for top contractor mortgage deals.
So, to find out more, or to apply, fill in the mortgage form at the bottom of this page:-