Mortgage Price War Starting
An astonishing one-off mortgage Price War has started for specialist contractor mortgages.
This is because several lenders have not met their government targets for lending to customers. They have discovered this after the recent mortgage market review.
We are now into the 4th quarter of the year and there are major penalties for the lenders if they do not meet their targets. So, this has led to a mortgage price war.
They are playing catch-up here and are desperately trying to loan more money to meet their targets.
First Time Buyers
First time buyers will be one of the groups that will benefit greatly from the mistakes of the major lenders in not selling enough mortgages.
Therefore, specialist contractor mortgages brokers have been quick to get in on the act in this one-off mortgage price war.
Tony Harris has been dealing in specialist contractor mortgages for years. He has stepped into the market turmoil to grab some great contractor mortgages deals.
Some lenders need desperately to get more mortgages out before they report to the City watchdogs.
Great Deal from Halifax
So, Tony has managed to get a great deal from the Halifax especially for contractors. It is a one-off flash sale and a limited edition mortgage offer.
They are making this offer to all contractors even if they are half way through their contracts as they are so desperate to unload them to meet Government targets before they report.
They are, therefore, offering mortgages with a minimal deposit.
This mortgage price war is a once in a lifetime opportunity for contractors due to the fact that the lenders have screwed up and are now desperate.
Contractor Mortgages Details
The details of this exciting product launch are –
2 year fixed at 2.99%
– Up to 90% loan to value (LTV)
– available to first time buyers only
– Maximum loan size is £750,000
– No arrangement fee
Double the Deposit
Even a week ago contractors would have needed double the deposit to secure this low-interest rate.
This mortgage price war is great news for Limited Company contractors who have kept company drawings to a minimum for tax purposes.
The rates are not just available for first timers.
These rates are part of a range of packages available only for contractors through Tony. There is no charge for advice or for getting you the loan.
This mortgage price war is a once in a lifetime opportunity to get those rates due to the desperation of some lenders to sell mortgages at any price at all. However, it is first come first served till the lenders have met their targets.
To find out more or to apply you should click on Specialist Contractor Mortgages and fill in the form there. Tony or one of his team will be in touch quickly with a mortgage offer.