Saffron Building Society Contractor Mortgages - Help and FAQs
Here at LENDERmonitor we receive regular similar questions from visitors enquiring about whether Saffron Building Society offer contractor mortgages. We collated some of the more common contractor mortgage questions but if you have any specific questions about Saffron Building Society and contractor mortgages please complete our enquiry form and we see if we can arrange for an expert to contact you directly.
I have retained a broker regarding my remortgage because I have just won a fixed term contract of two years (I am a post doc researcher, it is the nature of my work that we have fixed term contracts). My contract begin date last year. I am seeking a five year fixed rate deal. Property worth £200,000, I want to borrow £150,000. I bought the property three years ago for £220,500 and I currently owe 165k to Saffron Building Society
For three years now I have been a self employed contractor. Mortgage options are being looked at but it's a minefield. Is it worth me considering whether it would be possible for my boyfriend to get the mortgage with Saffron Building Society in his name using our joint deposit and for me to be added at a later date?
What is the situation with contractor mortgages and Saffron Building Society? I am a contractor but my partner has a permanent job. Will Saffron Building Society take my salary should we make a joint application?
How can I make myself more attractive to a lender such as Saffron Building Society when it comes to trying to get a contractor mortgage. I would like to understand the process and requirements to avoid unwelcome surprises.
Were I to inform Saffron Building Society that I’m contracting, are they likely to charge me a higher rate on my mortgage?
The above information is in relation to properties in England and Wales.
Find out how to order your redemption statement request from Saffron Building Society