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
New Self Build Range! 🎁
New Self Build range
On Wednesday 7 May, we are refreshing our whole Self Build product range, with the introduction of new loan size tiering!
Our new Self Build range supports loans up to £4m, with ERC free options available across all of our loan size tiers. We can also support loans above £4m, on a case-by-case basis.
If your client takes one of our products, which has an ERC, and completes their build early, we will waive the fee if they switch into a Saffron retention product.
Details can be found in the table below – and don’t forget, you can submit Self Build cases with Saffron, directly to us!
To secure a product being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Tuesday 6 May. Please submit DIPs by midday on Tuesday to allow our underwriters the time to review any referrals. This gives you the best chance of reaching the FMA submit stage by 5pm.
We’ve also updated our Terms of Business document. Click the link to view or access this through the online login portal on our website.