Skip to main content

Saffron spices-up mortgage deals for self-employed & contractors

22 August 2017

Saffron BS logo

Saffron For Intermediaries, has overhauled its entire range of mortgages for the self-employed and contractors. 

Rates and fees have been reduced and all discounts are ERC free. There is also a new 90% LTV fixed rate for the self-employed and a new 60% LTV band has been introduced for borrowers with significant equity who want to remortgage or move home. 

Key features include the following: 

Self-employed

  • Available to anyone who is self-employed with trading accounts of 1-year or more (including first-time buyers).
  • 3-year discounted rates starting from 2.49% (SVR – 2.9%) and available up to 90% LTV. All discounts are ERC free and have an arrangement fee of £499.
  • 3.27% fixed rate until 30/04/21 to 80% LTV and 3.77% fixed until 30/04/21 to 90% LTV. Both fixes have an ERC of 3% until the end of the fixed rate period and an arrangement fee of £999.  

Contractors

  • Available to individuals working on a contract basis (including first-time buyers).
  • 3-year discounted rates starting from 2.39% (SVR-3%) and available up to 90% LTV. All discounts are ERC free and have an arrangement fee of £499.
  • 3.17% fixed rate until 30/04/21 to 80% LTV and 3.67% fixed until 30/04/21 to 90% LTV. Both products have an ERC of 3% until the end of the fixed rate period and an arrangement fee of £999. 

Full product information can be found here               

Manual underwriting

All mortgage applications are assessed on their own merits by skilled underwriters. Brokers and their customers are guaranteed a fast and personal service. 

How to contact them? 

If you would like to discuss your customers’ mortgage requirements with them, then please contact Debby Tedder: 01799 582925 Deborah.tedder@saffronbs.co.uk


Using an Ipad

Follow us on twitter

Follow Jeremy Duncombe for market and product updates on Twitter. You'll find him at @JeremyDuncombe.