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 “