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023 8045 6999

023 8045 6999

Saffron Building Society

About Us

Documents
Proc Fees
Product Gross Fee paid by lender Net fee paid to regulated broker Net Fee paid to non-regulated & client referral service
Buy to Let 0.80% 0.40% 0.20%
Residential 0.80% 0.40% 0.20%
Self Build 1.00% 0.50% 0.25%

Some clients find themselves in situations which present quite a challenge when it comes to finding a mortgage.

Although the borrower may be perfectly creditworthy, their circumstances and needs may make it very difficult to find a lender who’s able to help.

At Saffron, we understand the unique challenges you face when trying to secure a mortgage for your self employed clients. That’s why we take a case-by-case approach and offer flexible criteria.

Self Employed Specialist Proposition

  • Minimum 12 months’ accounts plus a projection of future earnings
  • Can consider most recent year with large increase subject to accountants reference and projection
  • FTB’s accepted
  • No minimum time when moving from sole trader to limited company

Contractors

  • Can consider gaps in contracts when the customer has self-financed this gap. – Please contact Lee about these cases

Day Rate/Fixed Term Contractors

  • Applicants must have 2 years’ employment history in any industry/role and a minimum of 3 months contract history
  • Day one contractors considered on a discretionary basis with a minimum of 1 years work experience in their contacting sector
  • Income calculated as Daily Rate x 5 x 48
  • No minimum income

Zero Hour Contractors

  • Primary and secondary applicants are allowable with a minimum of 1 year working experience in a similar industry

Construction Industry Scheme (CIS) Contractors

  • Minimum 1 years work experience in a similar industry
  • Applicants must have a minimum of 3 months CIS experience
  • Annualised over 48 weeks

Buy To Lets

  • Rental Cover on debt for debt re-mortgage cases 125% of pay rate including the discounted variable rate
  • Maximum Portfolio with Saffron of £3m (no external exposure limit)
  • Available to First-Time-Landlords & First-Time-Buyers
  • No differential stress-testing for standard and & higher rate tax payers
  • Regulated BTL’s for family members to reside in the property 

Expat BTL

  • Available to First-Time-Landlords & First-Time-Buyers
  • Flexible for occupation types (including self-employed, employed, contractors)
  • Most countries accepted – please contact me about these cases.

Working with Complete FS

“ We have the pleasure in discussing potential cases with Complete most days which is a real joy, they are much more than just a Packager. We have a great and constructive working relationship supporting each other in our common goals “

Please note

Our phone lines will be closed on Thursday 1st May until 10.30am for staff training.

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