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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