Kensington launches contract worker mortgages
Specialist mortgage lender Kensington has launched a range of mortgages aimed at contract workers struggling to secure a mortgage.
Their new rates are available to contractors of any profession providing they have been working in their role for at least 12 months. Kensington will work out how much they will lend applicants by multiplying their confirmed weekly rate by 46.
Trinity Financial has access to a lender offering contractor mortgages and their lowest two-year fixed rate mortgage is 1.89%. It is available for mortgages between £200,000 and £1 million and this mortgage has a £1,499 arrangement fee. Borrowers will need to put down a 40% deposit.
January 17, 2014
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