Act now to secure flexible, low-rate contractor mortgages.
Act now and contact mortgage broker, Deal Direct, to secure a low-rate contractor mortgage offer with flexible lending criteria.
Last week’s news that the base rate has increased to 0.5% means that contractor mortgage rates will be affected. Lenders will take different tacks, though, which means that not all interest rates will immediately increase. Some lenders may opt to reduce the rates they charge, but this may only be for a limited time.
Deal Direct’s in-depth knowledge of the contractor mortgage market means we are ideally placed to point you towards lenders that offer:
- the best rates while the effects of the rise in the base rates are still taking place
- a flexible approach in their lending criteria
- a case-by-case approach taken with underwriting
For example, The Mortgage Lender now consider applications for up to 85% loan to value using a 48 x multiple of your weekly contracted rate.
Even if you are new to contracting, you are not immediately excluded from being able to apply for a mortgage of up to 75% LTV. With only three months contracting accrued, The Mortgage Lender is willing to assess an application from you, and we can help you to present it in the best possible light and aid your chances of an offer being made.
For further information on flexible, low-rate contractor mortgages, speak to an adviser from Deal Direct.
Dial 0800 048 8828 or click below for an instant quote.
