No catches mortgage for IT contractors



Graduate & Professional Financial Services is offering contractors access to a 25-year capped rate mortgage from Standard Life Bank. The "no catches" deal...



Graduate & Professional Financial Services is offering contractors access to a 25-year capped rate mortgage from Standard Life Bank. The "no catches" deal guarantees borrowers a maximum interest rate of 6.25 per cent until October 2025.

According to the company, should interest rates ever drop below 6.25 per cent, contractors' mortgages will be adjusted to the lower variable rate. Exact details of the offer are available from G & P, which specialises in finding mortgages for contractors using current contract income instead of accounts.

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