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
Criteria update: More flexibility for your Self-Build cases
Exciting product updates from Saffron
On Wednesday 27 May, we’re expanding our product range to help you better support your clients. This includes strengthening our current range with new LTV bands, additional fee structures and selected price reductions, alongside the relaunch of even more product categories!
Exciting changes at a glance
Enhancements to our existing range:
- Additional LTVs and Terms, giving greater flexibility across Owner Occupied, Self Employed and Contractor ranges
- Return of % fee products across our Expat Buy-To-Let range, including Limited Company, offering more choice for your clients based on their circumstances
- Price reductions across our Buy-To-Let Retention range, helping you support existing customers coming to the end of their current product term
Expanding our range with the return of:
- Premier Income: supporting higher-earning clients who earn over £150,000, with the benefit of uncapped LTI!
- Professional Income Boost: supporting those clients working in professional roles, with the benefit of up to 6 times LTI!
- Expat Residential: supporting clients returning to the UK or with family living in the property
Full product details are available on our website. If you have any questions, please contact your Saffron BDM or our Intermediary Support Team.
If you have already submitted an application with us and you want to switch to one of these new products, please add a note to the case with details of the new product you wish to change to.
Applications in progress (Retention range only)
If you are applying for a Product Transfer on behalf of an existing customer, you need to have requested the mortgage illustration from the Broker Product Transfer Portal before 2pm on Tuesday 26 May. You will then need to return the completed Product Acceptance Form, signed by your client, within 14 days to secure the Retentions product.
Check out our latest case studies here
Important update: Temporary change to how valuation fees are paid
We wanted to let you know that our temporary process for collecting valuation fees has now ended, and we’ve now moved to our new payment system.
What’s changing?
Valuation fees can now be paid again directly through our online portal as part of the usual process.
What do I need to do?
- Where a valuation fee is required, you can now pay directly through the portal
- If you prefer, you can still make payment by phone using the automated payment line – however, cases won’t be able to progress until the valuation fee has been paid
- Applications can continue to be submitted and progressed as normal
Thank you
We appreciate your patience while we introduced the temporary process to keep cases moving, and we’re pleased to now have a simpler payment experience in place.