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An exclusive mortgage for contractors which could save thousands

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Contractor Financials have announced the launch of a new mortgage product through Clydesdale Bank, available exclusively to Contractor Financials clients.

The mortgage is available to first time buyers and homeowners with as little as a 10% deposit and is fixed for the first 2 years at a rate of 2.99%.

Crucially Clydesdale won’t charge an arrangement fee or valuation fee to contractors, saving upwards of £1,499 in upfront fees.

 

The fees free product with a competitive interest rate will cut contractors mortgage bills by an average of £2,285 over a 2 year period compared to the best equivalent rate available through Halifax, based on a loan amount of £282,000.

As a contractor friendly lender Clydesdale Bank will calculate your income using a multiple of your daily contract rate, ignoring any tax saving methods you use, making it far easier to secure a mortgage and increasing your borrowing potential.

For more information contact Contractor Financials at 0333 370 8888 and one of their qualified contractor specialists will be happy to help.

To know more about mortgage for contractors, visit our Contractor Mortgages page.

Source: Luke Somerset, Contractor Financials

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