Saffron overhauls self-employed and contractor ranges

Ryan Bembridge

August 9, 2017

Saffron For Intermediaries has overhauled its self-employed and contractor mortgage ranges with reduced rates and a new 60% loan-to-value band.

Self-employed discounted rates include 3-year fixes at 2.49% to 60% LTV, 2.74% to 80% LTV and 3.39% to 90% LTV, while for contractors they cost at 2.39% to 60% LTV, 2.69% to 80% LTV and 3.29% to 90%, all with an arrangement fee of £999.

Anita Arch (pictured), head of mortgage sales at Saffron, said: “The self-employed and contractors are a growing sector of our national workforce and these enhancements will help them to drive-down the cost of either purchasing or remortgaging property.

“We’re now offering a choice of either fixed rates to end April 2021, or ERC free 3-year discounts allowing borrowers to make unlimited overpayments without penalty. All products are also available on an interest-only basis up to 70% LTV.”

Fixed rates for the self-employed stand at 3.27% to 80% LTV and 3.77% to 90% LTV, while for contractors they have a rate of 3.17% to 80% LTV and 3.67% to 90% LTV, all with an arrangement fee of £999.

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