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
Latest product changes from Saffron
On Wednesday 22nd April, we’re making changes across our mortgage range.
Changes at a glance
- Introduction of new 5-year fixed rate products across Expat Ltd Co BTL, HMO & HMO Ltd Co BTL, standard BTL and Contractor.
- Relaunch of JBSP and JBSP First Time Buyer.
- Refresh of our retention range, including new LTV tiers.
- The sale of a mortgaged property will now be accepted as a repayment vehicle across our standard range, replacing the dedicated Lending Into Retirement product and opening up more choice for your clients.
- Further criteria enhancements are also coming across our Residential and Buy-to-Let propositions, with full details to follow on Wednesday!
Full details of the latest changes can be found on our website, by following the link below:
Product withdrawals – important application deadlines
To secure a product being withdrawn, we require a full mortgage application to be submitted, with all fees paid, by 5pm on Tuesday 21st April.
To allow our underwriters the time to review any referrals, please submit DIPs by Midday Tuesday. This gives you the best chance of reaching the FMA submit stage by 5pm.
If you have already submitted an application with us and you want to switch to one of these new products, please add a note to the case with details of the new product you wish to change to.
Thank you for your continued support.
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