Brilliant Solutions

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

Saffron BS Mortgage changes – 25 May

Please see information below regarding the mortgage changes due to take effect on Wednesday 25 May:

Summary

Product Category

Changes

First Time Buyer

End date extensions

Rate changes

Owner Occupied

End date extensions

Rate Changes

Retirement Interest Only

Increasing the term to 5 years

Removal of application fees

Product details

For ease, I have highlighted in red the details which are new/different to the current version.

First Time Buyer

No change to criteria

Owner Occupied

No change to criteria

Retirement Interest Only

Brokers are being notified of the withdrawals and have until 5pm on Tuesday (24 May) to submit an FMA with fees paid to secure an existing product.

Saffron BS – Mortgage Criteria Change

Please see below a change of criteria due to take effect on Weds 25 May

Expat BTL

New Policy

Not available to applicants living in The Netherlands

Previous Policy

Not available to applicants living in an EEA country

 

Restricted countries:

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

This criteria change is across our Expat BTL range

Share this:
Scroll to Top