Rates and fees have been reduced across the board, while there is also a new 60% loan-to-value (LTV) band.
Fixed rates for the self employed begin at 3.27% until April 2021 at up to 80% LTV, and 3.17% for contractors, both of which come with early repayment charges of 3% and a £999 fee.
Anita Arch, head of mortgage sales at Saffron, noted that all products were also available on an interest-only basis, with a maximum LTV of 70%.
She added: “The self-employed and contractors are a growing sector of our national workforce and these enhancements will help them to drive-down the cost of either purchasing or remortgaging property.”
Back in June Saffron announced it had begun lending to self-employed borrowers at 90% LTV with just one year of accounts.