Here is the latest update from the Saffron Building Society. For details see their latest product information here. Lending criteria details are available here. Remember, you can access these products through our direct to lender mortgage club to get the benefits of payment on completion as well as out specialist mortgage support.
Saffron Announcement
Product Transfers Are Now Available
Great news for you and your clients
We’re delighted to announce that we are launching broker-initiated Product Transfers for clients with mortgage deals ending from January 2025 onwards.
We’ll pay a procuration fee of 0.35% on all eligible Product Transfers, and you can start the process when your client has 90 days or less remaining on their existing Saffron mortgage.
You asked, we listened
Product Transfers have been one of the most requested features from our brokers this year, so we hope this will help strengthen our relationship and help more of your clients in this busy market.
A few useful tips
We’ve tried to make our Product Transfer process as easy as possible for you. Here are a few simple tips to help make things go smoothly.
You can find details of our Retention Products in our Product Guide.
Eligibility and other criteria details apply to Product Transfers, so please check these here.
To submit a Product Transfer just click here. You’ll need the Authentication Code included in the letter we send to customers up to 3 months before their current deal ends, so don’t forget to ask your client for it.
Always here to help
If you have any questions please don’t hesitate to contact our Mortgage Retentions Team on 0800 082 1100 or email us at [email protected].