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
Broker Brief – More borrowing power starts here
In our last Broker Brief, we gave you a topline overview of Saffron’s most comprehensive product refresh yet. Now, in this next instalment, we’re taking a closer look at two of the biggest changes shaping affordability and flexibility for your clients: our new tiered LTI matrix and our expanded JBSP proposition.
We know affordability is the sticking point for many clients. That’s why we’ve introduced a new tiered loan-to-income (LTI) matrix across Residential and Self Build.
LTIs are now available up to 5.5x income (subject to LTV and affordability)
This could mean up to £39,000 more borrowing at 85–90% LTV, and up to £76,000 more when LTV is below 85%
For brokers, this creates a more transparent framework when assessing client potential — giving you greater confidence in what’s possible, and giving clients a clearer path to their goals.
Pooling income is an increasingly important way for families to sustain home ownership in today’s market. That’s why we’ve expanded our Joint Borrower Sole Proprietor (JBSP) proposition:
Now available not just for first-time buyers, but also home movers and remortgages
Support from up to two additional incomes is now allowed
Crucially, terms are based on the owner occupier’s age when supporters are under the age of 70 at application
This extra flexibility means parents, adult children, and divorced or separated partners can work together to keep home ownership within reach.
Take a homeowner in their mid 40s looking to remortgage the family home after a divorce. On their own, affordability might fall short. But under our expanded JBSP, they add support from a parent in their 60s and their 21 year old son, with the term based on their age, not the supporters. By combining three incomes, they can retain the property, maintain stability for their children, and keep building equity for the future.
Every client’s story is different. By refining our LTI framework and expanding JBSP, we’re giving brokers practical tools to unlock borrowing power and embrace real-life affordability challenges. It’s another step in our journey to keep building better lending, brick by brick.