The Halifax cashback contractor mortgage.
In general, it’s the case that the best contractor mortgage deals are sourced through specialist brokers. The reason being, that high street lenders haven’t yet caught up with the growing trend of employees switching to a contract basis.
That said the Halifax BS has announced that it’s relaunching its cashback deal for contractors buying a first home. Perhaps this will be the start of a change in attitude from high street lenders to contractors, and many more could follow suit and offer competitive products.
The Halifax mortgage in question, is a first time buyer deal where the successful applicant will receive 1% of the mortgage advance. The cash will be deposited in the bank 30 days after completion. The maximum cashback available is £2,000.
The lender advises that to be eligible for a mortgage, the applicant needs to show a copy of their contract. The amount that can be borrowed will be based upon their annualised daily rate.
If you are interested in this mortgage, or would like to review all mortgage offers you are eligible for, call us at Deal Direct. We specialise in contractor mortgages and have a successful track record helping contractors climb on the property ladder, move to a new property or remortgage.
To find out what deals are on offer at your deposit/equity level speak to an adviser today.
For impartial/independent advice and a low rate quote,
call 0800 048 8828
