Tag Archives: Cashback with Contractor Mortgages

Cashback with Contractor Mortgages
Some lenders are offering cashback with contractor mortgages. For instance, the Halifax, throug specialist contractor mortgage brokers, are giving contractors cash back of up to 1% of the total mortgage. This is up to £2,500.

There are a lot of costs when moving home and this will help contractors it the costs of it.

The cashback will be paid within one month of the contractor moving into his, or her, new house.

The Halifax is one of the building societies offering this through apecialist contractor mortgage broker partners.

[caption id="attachment_598" align="alignnone" width="256"] Cashback with Contractor Mortgages of 1%[/caption]

Cashback Deals for Contractor Mortgages from Halifax

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Cashback Deals for Contractor Mortgages

Cashback Deals for Contractors

The Halifax have just reported that they are re-launching their special cashback deals for first time buyer contractors.

The deal is that first time buyers will get 1% of the amount they have borrowed deposited into their bank accounts. That will take place within 30 days of the contractors finalising their mortgages.

So ,if a contractor borrowed £200,000, he, or she, would get £2,000 put into their account by the Halifax.

Cashback with Contractor Mortgages

Cashback with Contractor Mortgages of 1%

There is a maximum of £2,000.

Special Deal for Contractors

This is a special deal just for contractors.

After being initial nervous about loaning to contractors, more and more lenders are realising what a lucrative market loaning to contractors has become.

Those first time buyers who can take advantage of the Halifax’s offer don’t have to show a track record of contracting and earning like they used to have to do.

Therefore, all they need to show is a copy of their contract.

Contractor Mortgage Offer

Their mortgage offer would be based on their daily rate annualised, i.e. their weekly rate x 48 times 3 or 4 or 5.

Contractors are becoming more and more popular with mortgage lenders.

They are getting more and better and better offers from them.

The good track record of other contractors who took up specialist contractors mortgages has helped here.

EU Referendum

So, he market is still looking pretty good with the lowest interest rates  on record.

Contractor Mortgage Quote

Contractor Mortgage Quote at best rates

House prices are likely to rise once the uncertainty of the EU referendum is over. This is especially if it is a vote to stay in.

Markets don’t like uncertainty. So, the mortgage market will be hoping for business as usual after the EU vote with an increase in sales and house prices likely.

Contractor Mortgage Information Pack

To get your information pack on the Halifax’s new offer on cashback deals to contractors just fill in the short form at Specialist Contractor Mortgage Information.

90% Contractor Mortgages with Cashback at Great Rates

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Contractor Mortgages With Cashback

90% Contractor Mortgages with Cashback

Since the Halifax made a special contractor mortgages with cashback offer through our contractor mortgages partner, dozens of first time buyers have taken advantage and shared tens of thousands of pounds at an average of £2,300.

They expect that the offer will come to an end shortly so it is important that contractors get in now if they want to take advantage of the offer.

Contractors have obtained some of the best rates on the market – and got their cashback too. The Halifax are making this contractor mortgages with cashback offer only through our partners, in order to get a one-off big boost to their mortgage business. The offer will disappear soon.

The cash is being given so that first time buyers can cope with the extra costs of moving in. The Halifax are giving cashback of 1% of the total mortgage costs up to £2,500 paid within a month of completion.

Contractor Mortgages with Cashback Rates

They are offering some great rates too for their contractor mortgages with cashback:-

90% for a 2-year fixed mortgage at 3.44%

85% for a 2-year fixed mortgage at 2.34%

80% for a 2-year fixed mortgage at 2.19%

60% for a 2-year fixed mortgage at 1.64%

Arrangement fees are £1,499 for all of the above.

That’s some pretty good rates especially as they can be locked in for 2 years.

Help to Buy Contractor Mortgages

You can also get contractor mortgages with no arrangement fee for smaller amounts borrowed.

You can also get a 95% contractor mortgage using Help to Buy. The deal is also available for new build and affordable housing.

It doesn’t include Buy To Let or mortgages of over £1 million.

Contractor Mortgage Application

You need to lock in this deal quickly though. Get an agreement in principle as soon as you can.

You need to have made a formal mortgage application before this deal ends. Our partners are ready to help you immediately.

Our partners can get you a quote on the every day you apply. If you get an AIP (Agreement in Principle) for the loan it will help when dealing with the estate agents. You may even get a better price than someone who doesn’t have one as you are ‘ready to go’.

Our partner started the specialist contractor mortgages market 10 years ago. Contractors used to find it difficult to get mortgages previously and had to produce three years worth of accounts and got an offer based on their Director’s salary – which made the offer very low.

Now, our partners can get them offer on production of their contract and at a multiple (up to 5 times) of their daily rate annualised ( x 48). They are happy to give you their expert advice free of charge.

Apply for Contractor Mortgages with Cashback

To find out more about the contractor mortgages with cashback offer or to take up the Halifax offer while you can, you should click on Contractor Mortgage Application and fill in the form there.