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
More routes for changing Residential circumstances
Latest product changes from Saffron
On Thursday 22 October, we’re reducing selected rates and re-introducing LTV tiers across our range. This includes the welcome return of Limited Co BTL at 75% LTV, Premier Income and Expat Residential.
Changes at a glance
Owner Occupied will see selected fixed rates reduce by 0.20% and a new 4.99% 2 Year Discount (SVR-3%) added
Limited Co BTL will see a 5 Year fixed rate added at 75% LTV
Premier Income will be re-introduced, which comes with the benefit of uncapped LTI for those borrowers who earn above £150,000
Important information to secure a rate being withdrawn
To secure a product being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Wednesday 21 October.
To allow our underwriters the time to review any referrals, please submit DIPs by Midday on Wednesday. This gives you the best chance of reaching the FMA submit stage by 5pm.
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 switch to.