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
Mortgage changes 18 January 2023
On Wednesday (18th January), we will be launching the below product.
Product Name | Owner Occupied |
Code | DR1128 |
LTV | 80% |
Rate | 3.89% SVR-3.6% |
Rate Type | Discount |
Product Term | 2 years |
Revert Rate | SVR-1 |
Arr. Fee | £999 |
Fee added | Yes |
Application Fee | None |
Incentive | Free Val |
Min Loan | £30,000 |
Max Loan | £1,000,000 |
ERCs | 2% for 2 Years |
Overpayments | 10% |
Floor | 2.00% |
Min Term | 5 years |
Max Term | 40 years |
Repayment | Cap Rep and I/O |
Purpose | Purchase and remortgage |
Portable | Yes |
Channel | Intermediary |
Exclusive | No |
APRC | 5.7% |
Replacing | DR1100 |
Criteria
Owner Occupier |
80% LTV • Free Valuation Fees • No application fee • Minimum age 21 • Interest only or repayment • Interest only to 70% max LTV and subject to an acceptable repayment strategy • Minimum loan size £30,000 • Maximum loan size £1,000,000 • Loans over this are priced on a bespoke basis and have restricted LTVs
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