Self Employed Mortgages

We consider one years accounts, when you don’t have the standard three. For businesses with less than three years accounts, additional information will be required.

Working for yourself is rewarding and hard work. It can also be tough finding a mortgage as many of the high street banks are reluctant to lend to people whose income is unpredictable.

At Saffron, we understand that many more people in the UK are successfully self employed and we believe you should have the same opportunities as anybody else when it comes to mortgages.

Our Mortgage Advisers know and understand the needs of the self employed. You can apply even if you have just one year’s accounts. On our variable rate products, if you have a really good year you can even pay off capital and benefit from a lower rate. This can also 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 the self-employed.

  • Designed specially for the self-employed with at least one year’s accounts

  • Reduced rate on our variable rate products if your balance drops into a lower loan-to-value band

  • Expert help from our friendly Mortgage Advisers

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

Our self-employed mortgages

Self Employed Three Year Discount Mortgage

  • Initial rate2.49% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.0% APRC
  • Product periodthree years
  • Deposit required40%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £401,969 payable over 25 years, initially on a Discounted rate for 3 years at 2.49% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 22 years, would require 36 monthly payments of £1,801.28 and 264 monthly payments of £2,163.46.

The total amount payable would be £636,264.52 made up of the loan amount plus interest (£234,330.34), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.0% APRC representative.

Self Employed Three Year Discount Mortgage

  • Initial rate2.79% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.1% APRC
  • Product periodthree years
  • Deposit required20%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £401,969 payable over 25 years, initially on a Discounted rate for 3 years at 2.79% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 22 years, would require 36 monthly payments of £1,862.57 and 264 monthly payments of £2,171.20.

The total amount payable would be £640,514.32 made up of the loan amount plus interest (£238,580.14), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.1% APRC representative.

Self Employed Three Year Discount Mortgage

  • Initial rate3.39% Variable
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.2% APRC
  • Product periodthree years
  • Deposit required10%
  • Arrangement fee£499
View this mortgage ViewRepresentative Example

A mortgage of £401,969 payable over 25 years, initially on a Discounted rate for 3 years at 3.39% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 22 years, would require 36 monthly payments of £1,988.72 and 264 monthly payments of £2,186.11.

The total amount payable would be £648,991.96 made up of the loan amount plus interest (£247,057.78), an application fee of £135 and a redemption fee of £130.

The overall cost for comparison is 4.2% APRC representative.

Self Employed Two Year Fixed Rate Mortgage

  • Initial rate3.27% Fixed
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.2% APRC
  • Product periodFixed until 28/02/2021
  • Deposit required20%
  • Arrangement fee£999
View this mortgage ViewRepresentative Example

A mortgage of £402,469 payable over 25 years, initially on a Fixed rate for 2 years 7 months at 3.27% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 22 years 5 months, would require 31 monthly payments of £1,965.55 and 269 monthly payments of £2,189.59.

The total amount payable would be £649,932.58 made up of the loan amount plus interest (£247,463.40), an application fee of £135 and a redemption fee of £80.

The overall cost for comparison is 4.2% APRC representative.

Self Employed Two Year Fixed Rate Mortgage

  • Initial rate3.77% Fixed
  • then changing to our SVR minus 1.00%4.39%
  • The overall cost for comparison is4.4% APRC
  • Product periodFixed until 28/02/2021
  • Deposit required10%
  • Arrangement fee£999
View this mortgage ViewRepresentative Example

A mortgage of £402,469 payable over 25 years, initially on a Fixed rate for 2 years 7 months at 3.77% and then a 1.00% discount off our current Standard Variable Rate Mortgage of 5.39% to give a current rate payable of 4.39% (variable) for the remaining 22 years 5 months, would require 31 monthly payments of £2,073.60 and 269 monthly payments of £2,199.89.

The total amount payable would be £656,051.93 made up of the loan amount plus interest (£253,582.75), an application fee of £135 and a redemption fee of £80.

The overall cost for comparison is 4.4% APRC representative.

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:

Does at least one applicant have an income?


Do you have a deposit (or equity in property) of at least 5% of the property value?


Do you own your current residential property (with or without a mortgage)?


Do you have a deposit (or equity in property) of at least 20% of the property value?


Thank you for your enquiry.

A Mortgage Adviser will be in contact with you within 1 working day.

Have you heard the one about the doctor?

When Ann Smithson decided to buy a house in Cambridge, she knew she had set herself a tough challenge. The issues she had to overcome weren’t simply to do with the availability and price of properties in this sought after city, but were also to do with obtaining a mortgage.

Find out more

A self-employed furniture maker.

Support for people who are self-employed or contracting

We have a range of specially designed mortgages for individuals working on short-term contracts and the self-employed.

Find out more