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Contractor

Available for individuals who are working on a contract basis, Saffron takes into account the contractor’s circumstances and income structure.

We recognise that contractors may struggle with standard mortgage applications however Saffron takes a more pragmatic approach; actually understanding contractors financial situations and the specific requirements from a mortgage that this will produce.

Available to First Time Buyers.

Contractor

Contractor 60% LTV Two Year Discount Mortgage

Initial rate

2.39% (variable)

Product period

Two Years

Then changing to our SVR minus 1.00%

4.39%

Deposit required

40.00%

The overall cost for comparison is

4.10% APRC

Arrangement fee

£499

Contractor 80% LTV Five Year Fixed Rate Mortgage

Initial rate

3.17% (fixed)

Product period

31.05.2027

then changing to our SVR minus 1.00%

4.39%

Deposit required

20.00%

The overall cost for comparison is

3.90% APRC

Arrangement fee

£999

Contractor 80% LTV Two Year Discount Mortgage

Initial rate

2.69% (variable)

Product period

Two Years

Then changing to our SVR minus 1.00%

4.39%

Deposit required

20.00%

The overall cost for comparison is

4.10% APRC

Arrangement fee

£499

Contractor 80% LTV Two Year Fixed Rate Mortgage

Initial rate

3.17% (fixed)

Product period

31.05.2024

Then changing to our SVR minus 1.00%

4.39%

Deposit required

20.00%

The overall cost for comparison is

4.30% APRC

Arrangement fee

£999

Contractor 90% LTV Five Year Fixed Rate Mortgage

Initial rate

3.57% (fixed)

Product period

31.05.2027

then changing to our SVR minus 1.00%

4.39%

Deposit required

10.00%

The overall cost for comparison is

4.10% APRC

Arrangement fee

£999

Contractor 90% LTV Two Year Discount Mortgage

Initial rate

3.39% (variable)

Product period

Two Years

Then changing to our SVR minus 1.00%

4.39%

Deposit required

10.00%

The overall cost for comparison is

4.30% APRC

Arrangement fee

£499

Contractor 90% LTV Two Year Fixed Rate Mortgage

Initial rate

3.57% (fixed)

Product period

31.05.2024

then changing to our SVR minus 1.00%

4.39%

Deposit required

10.00%

The overall cost for comparison is

4.40% APRC

Arrangement fee

£999

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

Open via your broker

This product can be opened by a broker only. If you do not already have a broker, Saffron Mortgage Finders (part of the Saffron Building Society group) may be able to help.

Find out more