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 123contracting@