New range of contractor mortgages available from Newcastle.
A new range of contractor mortgages have been introduced by Newcastle that are especially for the self-employed.
The range includes 2 year fixed rate mortgages starting from 2.10%. Free valuations on properties up to £500,000 are also included.
The growing numbers of people in the UK who are working for themselves, are gradually being better served by the introduction of new and extended contractor mortgage ranges.
It is becoming much clearer to lenders that a ‘one-size fits all’ approach to underwriting is excluding perfectly good applicants. Lenders, such as Newcastle, are seeing the value of offering tailored underwriting and demonstrating a true understanding of what it is like to be self-employed.
It used to be true that contractor mortgages were both hard to come by and even harder to obtain, but many lenders are now stipulating the inclusion of just one year’s accounts along with an SA302 with the application.
As long as your business records and credit history are good, the application process should be relatively smooth. To make certain of hassle-free approval, Deal Direct can help you dot all the i’s and cross all the t’s and significantly reduce the risk of rejection.
For expert advice on finding the most suitable contractor mortgage for you, plus information on the criteria of each lender, speak to a member of our team.
For the latest in contractor mortgages call 0800 048 8828.
