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 product range!
Do you have clients who are newly qualified Management Consultants, Investment Bankers or Doctors? You’re in the right place.
Today, Wednesday 4 September 2024, we’re delighted to announce the launch of our Professional Income Boost range, which offers loan-to-income-ratios of up to 5.5 times.
The product range is designed for young professionals in selected industries, who will see their salary grow as they progress in their career. This includes professionals such as Accountants, Dentists and Solicitors. After listening to brokers, we decided to broaden this out to include other professionals such as Management Consultants and Investment Bankers, who are on graduate schemes.
Some of your clients may have struggled to reach affordability criteria in the past, but as long as they reach the relevant criteria for our new range, they will be eligible for loan-to-income-ratios of up to 5.5 times, including two-and five-year fixes at 80%, 85%, and 90% LTV, with rates starting at 5.27%. Full product details can be found in the table below.
For more information,including the full list of professions that we can consider, please visit our product page here.
This is all part of our commitment to you to embrace different.