Find out about second charge contractor mortgage opportunities with Deal Direct.
Finding the right contractor mortgage to suit your circumstances can be challenging in today’s market.
This is even truer if you are over 50, have a short history of self-employment or have a less than perfect credit history.
However, options are available to suit a wide range of circumstances, including circumstances that are not the traditional ones required to obtain a mortgage or a second charge mortgage for your home. Even if you have a debt management plan in place, a second charge mortgage may still be a possibility.
Vida Homeloans, for example, is testing the market with a range of second charge mortgages for residential customers as well as landlords and those who live abroad. The rates offered by this lender start from 4.5%.
Once the test phase has concluded, the mortgages will become more widely available but only through intermediaries such as us.
Your Deal Direct advisor has further information available for you now on this range from this lender, as well as other second charge mortgage products on offer from other lenders. Rates and terms and conditions vary greatly among mortgage providers, which is why it is vital you seek qualified advice from our team.
To ensure you apply for, and obtain, the best contractor mortgage option possible, speak to one of our knowledgeable Deal Direct advisers, who will be more than happy to help.