Saffron Building Society offering contractor mortgages
Saffron Building Society for Intermediaries is offering a range of mortgages for borrowers working on short term contracts.
Mortgage lenders are often quite tough when it comes to offering contactor mortgages, although Saffron has a more pragmatic approach to contactors circumstances and income structures.
Their maximum loan is £1 million although larger mortgages can be arranged on a bespoke basis.
Aaron Strutt, product manager at Trinity Financial, says: “In order to qualify for their contactor mortgages applicants will need to have six months left on their contact. They will also need to have at least a 10% deposit.”
“Saffron is offering an unusual mixture of rates as they have either a two-year fix or a ten-year discount. Trinity has access to a host of lenders offering contractor mortgages and many of them are willing to accept applicantions from all types of professions with varying employment lengths.”
If you would like help to secure a contactor mortgage, call Trinity on 020 7016 0790.
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