In our dominant position as the UKs largest and most respected Contractor specialist mortgage adviser, our management team have been working hard in recent months to negotiate our specialist contract based mortgage underwriting with new lenders. This is all part of a concerted effort to help the UKs Contractor community avoid the worst of the funding squeeze that is affecting the wider mortgage market. Against this backdrop, we are pleased to announce that we have secured yet another exclusive Contractor mortgage rate this month which is only available to our clients…
In the past two months we have been instrumental in opening up a new avenue for Freelancers who are keen to base mortgage affordability on a multiple of contract rate alone rather than have to fall back on the traditional use of your accounts to prove your income.
In October we added The Saffron Building Society to our list of existing Contractor friendly lenders and they help to plug the gap created by the decision by Barclays to stop offering Contractor Mortgages. We have personally negotiated the terms of the contract based underwriting with key individuals within the Saffron and in recognition of our work and the substantial amount of lending that we have introduced to them in recent months we have been offered access in the coming weeks to an exclusive mortgage deal for our clients.
This will only be available to ContractorFinancials clients and is further recognition of the high regard in which our firm is held within the lender community.
Security for the next 3 years
This particular rate is fixed for three years and is available up to 75% loan to value so it is ideal for Contractors that have savings for a deposit or have built up equity in your existing property. Whether you are soon to be purchasing your first home, trading up or remortgaging, the rate will be set at 3.89% which is very competitive in the current market. There is an arrangement fee of just £995 and because the rate is fixed for three years, you can rest assured that your repayments won’t rise if the anticipated base rate increase comes next year. This all makes your budgeting far easier in the coming years.
Our mortgage team are on hand to offer advice on the right mortgage to suit your needs and can discuss this rate with you ahead of its imminent launch. We will help you through the application stages all the way to completion of your purchase and the day that you pick up the keys to your new home. You are in good hands.
As Contractor specialist IFA’s we are dedicated to helping the freelance community to navigate the maze of lenders and secure you a mortgage that’s right for you and without the hassle of you having to find three years accounts figures and wasting time on rejections at the hands of the High Street branches.