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 will be launching the following products on Wednesday 21st October 2020.
Products being withdrawn are as follows:
DR0780 – JBSP (FTB) 3.47% fixed
DR0766 – Owner occupied 2 yr Disc 1.74%
DR0794 Owner Occupied 2.17% fixed
DR0795 Owner Occupied 2.37% Fixed
In addition we will also be launching the following Mortgage on Wednesday 21st October 2020. This will replace DR0796 Retro Fit 2 year fixed 2.17%
- Free valuation
- Minimum age 21
- Interest only to 70% max LTV and subject to an acceptable repayment strategy
- EPC Certificate to be provided at application
- Energy Improvement Reward available if the EPC band of property is improved – to a minimum of Band E – within 6 months of completion of the mortgage
- Upon us receiving evidence of the improved EPC rating (to a minimum of Band E), a rate reduction of 0.10% will be applied to the mortgage for the remaining term of the fixed rate period
Energy Improvement Reward Criteria
- The EPC rating of the property must be improved – to a minimum of Band E
- The energy efficiency improvement works must be completed within 6 months of completion of the mortgage
- Evidence of the improved EPC band must be provided upon completion of the works