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Saffron BS Update

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

Changes to Mortgage products – Wednesday 17 March 2021

We will be repricing our Ltd Company BTL products on Wednesday 17th March 2021 with an increase in rate and fee.

Product Name

Limited Company BTL

Limited Company BTL

Product Category

Limited Co BTL

Limited Co BTL

Code

DR0849

DR0850

LTV

75%

75%

Rate

3.77%

3.97%

Rate Type

Fixed

Fixed

Product Term

Fixed until 31.10.2023 (2 Year)

Fixed until 31.10.2026 (5 Year)

Revert Rate

SVR

SVR

Arrangement Fee

1.50%

1.50%

Can Arr Fee be added

Yes

Yes

Application Fee

£200

£200

Incentive

None

None

Min Loan

£30,000

£30,000

Max Loan

£1,000,000

£1,000,000

ERCs

2% for 2 Years

3% for 5 Years

Overpayments

10% per annum penalty free

10% per annum penalty free

Floor

2%

2%

Min Mortgage Term

5 Years

5 Years

Max Mortgage Term

40 Years

40 Years

Repayment

Interest only or repayment

Interest only or repayment

Purpose

Purchase or remortgage

Purchase or remortgage

Portable

Yes

Yes

Channel

Intermediary

Intermediary

Exclusive

No

No

APRC

5.4%

5.2%

Products to be withdrawn

DR0827   Ltd Co BTL 2.87% fixed until 30.9.2023 75% LTV

DR0828   Ltd Co BTL 3.47% fixed until 30.9.2026 75% LTV

In order to secure the current products, we will require a full mortgage application submitted with fees paid by 5pm on Tuesday 16 March 2021.

Please amend your records accordingly.

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