Important Message
Our Intermediary Support team will be unavailable on 4 June between 9am and 10:30am.
Our Underwriting team will be unavailable on 16 June for essential training.
We apologise for any inconvenience this may cause.
Product Transfer Criteria
Retention products are available to existing SBS customers only.
The following customers/situations are not permitted to switch to a new product:
- Commercial
- A mortgage loan that has had an Arrears Ratio of greater than 1.0 at any month end in the last 12-months. Head of Underwriting discretion available to approve beyond this in exceptional circumstances.
- Property let without consent or suspected of having done so
- Let with consent – these must remortgage onto a Consumer BTL when they reach the end of the product term.
- BTL mortgage that is currently occupied by the borrower with consent – these must remortgage onto a Residential basis when they reach the end of the product term.
- Mortgages that are currently in breach of contract
- Shared Ownership
If you have any questions do reach out to the IST team at ist@saffronbs.co.uk or call us on 01799 582925