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

Mortgages products for launch on 24 February 2020

We will be launching the following Mortgage products on Wednesday 24th February 2020

Product Name

Owner Occupied

Owner Occupied

Retro Fit

Product Category

Residential

Residential

Green Residential

Code

DR0830

DR0831

DR0832

LTV

80%

80%

80%

Rate

2.67%

3.07%

2.67%

Rate Type

Fixed

Fixed

Fixed

Product Term

31.07.2023

31.07.2026

31.07.2023

Revert Rate

SVR-1%

SVR-1%

SVR-1%

Arrangement Fee

£999

£999

£999

Can Arr Fee be added

Yes

Yes

Yes

Application Fee

£180

£180

£180

Incentive

Free Valuation

Free Valuation

Free Valuation

Min Loan

£30,000

£30,000

£30,000

Max Loan

£1,000,000

£1,000,000

£1,000,000

ERCs

2% for 2 Years

3% for 5 Years

2% for 2 Years

Overpayments

10% per annum penalty free

10% per annum penalty free

10% per annum penalty free

Floor

2%

2%

2%

Min Mortgage Term

5 Years

5 Years

5 Years

Max Mortgage Term

40 Years

40 Years

40 Years

Repayment

Repayment or Interest only

Repayment or Interest only

Repayment or Interest only

Purpose

Purchase or remortgage

Purchase or remortgage

Purchase or remortgage

Portable

Yes

Yes

Yes

Channel

Intermediary

Intermediary

Intermediary

Product Name

Self Employed

Contactor

Product Category

Self Employed

Contractor

Code

DR0834

DR0835

LTV

80%

80%

Rate

3.07%

2.87%

Rate Type

Fixed

Fixed

Product Term

31.08.2023

31.08.2023

Revert Rate

SVR-1%

SVR-1%

Arrangement Fee

£999

£999

Can Arr Fee be added

Yes

Yes

Application Fee

£180

£180

Incentive

None

None

Min Loan

£30,000

£30,000

Max Loan

£1,000,000

£1,000,000

ERCs

2% for 2 Years

2% for 2 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

Repayment or interest only

Repayment or interest only

Purpose

Purchase or remortgage

Purchase or remortgage

Portable

Yes

Yes

Channel

Intermediary

Intermediary

Product Name

RIO Mortgage POA

RIO Mortgage

Product Category

Retirement

Retirement

Code

DR0836

DR0837

LTV

50%

50%

Rate

3.17%

3.37%

Rate Type

Fixed

Fixed

Product Term

31.08.2024

31.08.2024

Revert Rate

SVR

SVR

Arrangement Fee

£999

£999

Can Arr Fee be added

Yes

Yes

Application Fee

£180

£180

Incentive

None

None

Min Loan

£30,000

£30,000

Max Loan

£1,000,000

£1,000,000

ERCs

3% for 3 Years

3% for 3 Years

Overpayments

20% per annum without penalty

20% per annum without penalty

Floor

2%

2%

Min Mortgage Term

5 Years

5 Years

Max Mortgage Term

Open ended

Build to 99 years

Open ended

Build to 99 years

Repayment

Interest only

Interest only

Purpose

Purchase and remortgage

Purchase and remortgage

Portable

Yes

Yes

Channel

Intermediary

Intermediary

Product Name

JBSP

Product Category

Joint Borrower Sole Proprietor (FTB)

Code

DR0838

LTV

95%

Rate

4.17%

Rate Type

Fixed

Product Term

31.08.2026

Revert Rate

SVR-1%

Arrangement Fee

None

Can Arr Fee be added

N/A

Application Fee

£180

Incentive

Free Valuation

Min Loan

£30,000

Max Loan

£500,000

ERCs

3% for 5 Years

Overpayments

10% per annum penalty free

Floor

2%

Min Mortgage Term

5 Years

Max Mortgage Term

40 Years

Repayment

Repayment

Build IO as well

Purpose

Purchase

Portable

Yes

Channel

Intermediary

Product Name

Expat BTL

Expat BTL

Product Category

Expat BTL

Expat BTL

Code

DR0843

DR0844

LTV

75%

75%

Rate

4.07%

3.77%

Rate Type

Fixed

Fixed

Product Term

30.09.2026 (5 Year)

30.09.2023 (2 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

3% for 5 Years

2% for 2 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

Repayment or interest only

Repayment or interest only

Purpose

Purchase or remortgage

Purchase or remortgage

Portable

Yes

Yes

Channel

Intermediary

Intermediary

Products to be withdrawn

DR0804

JBSP 4.17% fixed until 31.3.2026

95% LTV

DR0805

Owner Occupied  2.67% fixed until 31.3.2023

80% LTV

DR0806

Owner Occupied 3.07% fixed until 31.3.2026

80% LTV

DR0808

Retro Fit  2.67% fixed until 31.3.2023

80% LTV

DR0814

Self Employed 3.07% fixed until 30.4.2023

80% LTV

DR0815

Contractor 2.87% fixed until  30.4.2023

80% LTV

DR0817

RIO POA 3.17% fixed until 31.3.2024

50% LTV

DR0818

RIO 3.37% fixed until 31.3.2024

50% LTV

DR0816

Expat BTL 4.27% fixed until 30.4.2026

75% LTV

Please update your records accordingly.

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