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
We’re making changes to our product range
On Wednesday 10 September, we’re making changes to selected products across our Residential Retention and BTL ranges. We’re also introducing fee products for retentions – giving your clients more choice when they come to the end of their initial product term. All the changes can be found in the tables below.
To secure a product being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Tuesday 9 September. To allow our underwriters the time to review any referrals, please submit DIP’s by Midday Tuesday. This gives you the best chance of reaching the FMA submit stage by 5pm.
If you are applying for a Product Transfer on behalf on an existing customer, you need to have requested the mortgage illustration from the Broker Product Transfer Portal before 2pm on Tuesday 9 September. You will then need to return the completed Product Acceptance Form, signed by your client, within 14 days to secure the Retentions product.
Retention Products launching
Products being withdrawn
