Best Contractor Mortgages Deals for UK Contractors

Best Contractor Mortgages Deals

Best Contractor Mortgages Deals

The Best Contractor Mortgages deals can be got from Specialist Contractor Mortgages brokers in the UK.

The Foolish Contractor walks into a high street bank or building society to ask for a contractor mortgage. The bank or building society tell him or her:-

1.  As you are a contractor and your income is not as secure as that of a permanent member of staff, we would have to get three years worth of accounts from you

2.  We will base any offer to you on your Director’s Salary.

Foolish Contractor

Many years ago, I was a foolish contractor. I didn’t know about specialist contractor mortgages brokers in the UK. I simply decided that I would have to wait a few years to get a mortgage for a house or flat. However, it wouldn’t be a great place I could afford if it was only based on my Director’s salary.

So, I continued to waste tens of thousands of pounds by continuing to rent.

However, if I had known about specialist contractor mortgages brokers like Tony Harris all those years ago I would be much richer now. Tony has been getting the best contractor mortgages deals for years.

He started by getting specialist contractor mortgages for IT Contractors. Now he can get those specialist contractor mortgages for all contractors.

Initially lenders were wary about lending to contractors. However, Tony managed to talk them into dipping their toes in the water.

Now, because those initial contractors have paid up on their mortgages and very few have defaulted, Tony has great credibility with the lenders. He can often get contractor mortgage offers at better rates than the marketplace.

Crucial Factors

However, here are the two crucial factors:-

1.  He can get contractor mortgage offers based on their daily rate annualised (daily rate x 5 x 48 x 4).

2.  He can get the quote just on production of the contractor’s contract, rather than the lender having to see 3 years worth of accounts.

In other words, he can get the best contractor mortgages deals on the marketplace for his contractors. Furthermore, he can get new contractors the best contractor mortgage offers on the very first day of their very first contract. This has revolutionised the contractor mortgages market.

Best Contractor Mortgages Deals

To find out more info or to get the best contractor mortgages deals and a quote click on Specialist Contractor Mortgages

Remortgage Deals | Cracking one-off rates for Contractors

Remortgage Deals

Remortgage Deals

There are a number of cracking remortgage deals for contractors at the moment.

Remortgage rates are at record lows as Lenders enter in to a price war in the run up to Christmas. It is a desperate bid by lenders to improve their lending stats before they have to show their books to the City. This is following a relative lending drought post MMR last spring.

As such, Contractors are in the ideal position to cash in and get remortgage deals on to a two-year fixed rate. This will enable them to ride out the widely predicted base rate increases expected in 2015.

Competitive Remortgage Deals

One contractor friendly Lender has launched a range of highly competitive remortgage rates which are based on contract rate alone. So you avoid the hassle of proving your income using company accounts.

You can, often, borrow more than your permie colleagues. Depending on how much equity you hold in your property you can access the following rate:-

– 60% LTV on a 2 year fixed rate at 2% with a £999 arrangement fee.

– 75% LTV on a 2 year fixed rate at 2.29% with no arrangement fee.

– 85% LTV on a 2 year fixed rate at 2.69% with no arrangement fee.

Remortgage Deals Only

All of these rates are available on remortgage only. They are to supplement the first time buyer rates which Halifax launched last week from as little as 2.99% at 90% LTV.

However, this is likely to be a flash sale. This is because when they release rates during a price war, they rarely stay around for long as Lenders test the market before stabilising their product book.

Contractors should act quickly to secure these competitive rates. They can then ride out the possible base rate rises and uncertainty that may be on the horizon for next year.

You are best to get contractor mortgages through specialist contractor mortgage brokers.

To find out more about these astonishing remortgage deals you should click on Specialist Contractor Mortgages and fill out the form there.

Expert Contractor Mortgages going through roof

Expert Contractor Mortgages

Expert Contractor Mortgages

The demand for specialist expert contractor mortgages is going through the roof and hitting new levels. The housing market boom predicted by pundits after Chancellor Osborne created the Help to Buy scheme is starting to happen.

He hoped would cause a mini-boom to give a feelgood factor for the next election. He hopes that when people see their house prices going up it will give them the confidence to start spending money and get the economy going again.

The average home price is now £233,061. That’s a rise of £6,125 on a year ago. Experts expect that this will just be the start. They believe that house prices will soar in the next 3 years for the duration of Help to Buy.

The hope is that the economy will be in good shape by then to keep house prices on the boil. It is a kick-start for the housing market.

Market Rates

Tony Harris, who has been providing specialist expert contractor mortgages for years now says that the number of expert contractor mortgages that he is able to get UK Contractor is now exceeding the peak of 2007.

He said that contractors are now piling into this market before the main price rises that he expects to come.

He is able to get contractors mortgages at better than market rates at up to 95%. He can get them without any accounts and on the first day of a new contractor’s first contract. He can get them based on a multiple (up to 4 times) a contractor’s daily rate annualised (48 x their weekly rate).

Help to Buy

So, with the Government’s Help to Buy scheme this looks to be a one-way bet. This is because the Government are intervening to push house prices higher for their own purposes.

Therefore, it is an opportunity for contractors and freelancers to be able to trade up or get a foothold in the market before the prices rise.

To get more info, or to apply click on Specialist Contractor Mortgages