Saffron Building Society Contractor Mortgages - Help and FAQs

I am a self employed contractor. Mortgage options are being looked at but its problematic. I have considered is whether I could get a letter from my company clarifying that I will be moved onto a permanent contract before the end of my set term? Would this help my cause when applying for a mortgage with lend

I am an engineering contractor looking to buy a home in London. My next step is to secure a mortgage preferably from Saffron Building Society. Should I contact Saffron Building Society directly or seek the assistance of a contractor specialist mortgage broker who focuses on dealing with contractors and Saffron Building Society.

As contractor looking for a mortgage with Saffron Building Society will they want to assess my experience, my history of contracting, the length of my current contract and the likelihood of it being renewed? If so I will start to get the paperwork together.

Myself and my fiance are currently about to apply for our first mortgage with Saffron Building Society. However, after studying, I've just this month started working as a contractor, although I'm yet to register etc with HMRC. My fiance is full time employed as an accountant, and so does have a healthy incomefor us to put forward. I was hoping to get some advice on how my contractor status will affect us getting an application approved please?

I am lead to believe that banks and building societies mostly view contractors as high risk applicants; so require 3 years’ accounts to substantiate mortgage affordability. In my case as a finacial contractor, this evidence is unlikely to paint an accurate picture of my income potential. Will a contractor-focused mortgage broker persuade lenders such as Saffron Building Society to offer funds on the more realistic basis of my contracted rate.