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.