Saffron said the range has been designed to target those who may often have problems securing mortgages from mainstream lenders.
Self-employed and contractor mortgages are offered a 3.37% fixed rate until 30 June 2019, when they will revert to the lender’s Standard Variable Rate (SVR). A £1,250 arrangement fee applies.
The professional mortgage will be offered at 3.27%, also until the end of June 2019, when it will change to 1% less than the SVR. The product comes with a £1,550 arrangement fee.
All products are offered at a 75% loan-to-value (LTV). Over payments are available penalty free at up to 10% per year for self-employed and contractor mortgages, and up to 15% per year for the professional mortgage.
The products are available at a minimum loan size of £30,000 and a maximum of £1m.
Anita Arch (pictured), head of mortgage sales at Saffron for Intermediaries, said: “At a time when there is growing speculation about a possible rate rise this year, these fixed rates give the self-employed, contractors and professionals the opportunity to lock into today’s low mortgage rates and benefit from the certainty they offer.”