The number of contractor mortgage options is increasing.

Newcastle Intermediaries already had a range that catered to the needs of contractors and the self-employed. Recently though, they have added buy-to-let mortgages for contractors as well as Help to Buy. The increase in choice means a better range of pricing, making the whole of the market more competitive. 

The details are:

• Help to Buy 2 year fixed rate at 75% LTV available at 2.55%. Includes no fees, cashback and a standard valuation.
• Help to Buy 2 year fixed rate at 75% LTV available at 2.05%. Includes a completion and reservation fees.

Overpayments are allowable at up to 10% per year.

• Buy to let 2 year fixed rate at 2.99% LTV available at 2.99%. Includes no fees, cashback and 10% over-payment facility.

According to official statistics published by the ONS, the percentage of people working for themselves in this country is increasing year on year. Lenders are responding by making products available that support the growing demand. However, because ranges have expanded so much, the best course of action is to consult with a Deal Direct professional to ensure your mortgage choice is the perfect fit for your circumstances.

With over a decade’s experience in sourcing mortgages for contractors, the knowledge and experience we have accrued means a hassle-free and rapid service for you.

For expert advice on all types of contractor mortgages, including details on lending criteria and how much you can borrow, consult with Deal Direct.

Chat with an advisor online now or call us on 0800 048 8828.