Contractor Mortgages

Do you work on short-term contracts? Many lenders see you as ‘high risk’ and this may make it hard for you to get a mortgage.

At Saffron, we specialise in mortgages for people who don’t fit the standard criteria and that includes people on short-term contracts or day rates. Our Contractor Mortgages are designed to be flexible and your Mortgage Adviser will be happy to assess your income on day rates and take long-term prospects into consideration. With our variable rate products you can even pay off capital and benefit from a lower rate which can help you pay off your mortgage faster.

Whether you’re buying for the first time, moving home or remortgaging, talk to us about our specialist mortgages for Contractors.

  • Designed specially for the those on short-term contracts and day rates
  • First time buyers can apply
  • Reduced rate on variable rate products if your balance drops into a lower loan-to-value band
  • Expert help from our friendly Mortgage Advisers

Talk to us today

To arrange an appointment with one of our Mortgage Advisers call us free on:0800 072 1100or complete the form below:





Thank you for your enquiry.

A Mortgage Adviser will be in contact with you within 3 working days.

Your home may be repossessed if you do not keep up repayments on your mortgage

Our contractor mortgages

ProductInitial ratethen changing to our SVR, currentlyThe overall cost for comparison isProduct periodDeposit requiredArrangement fee
Contractor 5 Year Discount Mortgage2.79% Variable5.39%4.6% APRCfive years20%£625More
Contractor 5 Year Discount Mortgage3.89% Variable5.39%5.0% APRCfive years15%£1,250More
Contractor 5 Year Discount Mortgage4.09% Variable5.39%5.1% APRCfive years10%£1,250More
Contractor Fixed Rate Mortgage3.27% Fixed5.39%5.0% APRCFixed until 31/07/202030%£999More
Contractor Fixed Rate Mortgage3.67% Fixed5.39%5.1% APRCFixed until 31/01/202110%£999More
Contractor Fixed Rate Mortgage3.97% Fixed5.39%5.2% APRCFixed until 31/01/202015%£999More

Representative example:

The following representative example is intended to allow you to easily compare products across lender and does not reflect what your actual monthly payment or APRC could be. Please contact us if you have any questions regarding this.

A mortgage of £529,280 payable over 33 years, initially on a Discount rate for 5 Years at 3.79% and then on our current Standard Variable Rate Mortgage of 5.39% (variable) for the remaining 28 years, would require 60 monthly payments of £2,344.09 and 336 monthly payments of £2,799.32.

The total amount payable would be £1,081,481.92 made up of the loan amount plus interest (£552,231.92), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 5.0% APRC representative.