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
We’ve realised that we made an error with the product codes for our Expat BTL range. We have now fixed the codes and you can see the full details of our changes for Wednesday 23 July below. We’ve highlighted where we’ve made changes in the tables. We apologise for any inconvenience this may have caused.
We’re lowering our rates!
On Wednesday 23 July, we’re making significant rate reductions to selected products across the range. All the changes can be found in the tables below.
Our Owner Occupied products have free valuations, and our Residential Retention products do not require a fresh valuation or legal costs.
To secure a product being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Tuesday 22 July. To allow our underwriters the time to review any referrals, please submit DIP’s by Midday Tuesday. This gives you the best chance of reaching the FMA submit stage by 5pm.
If you are applying for a Product Transfer on behalf on an existing customer, you need to have requested the mortgage illustration from the Broker Product Transfer Portal before 2pm on Tuesday 22 July. You will then need to return the completed Product Acceptance Form, signed by your client, within 14 days to secure the Retentions product.
Products launching
Products being withdrawn
