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Contact Us

Lines are open Monday to Friday 9AM - 5PM, except Wednesday 9:30AM - 5PM

If you want to talk to us, please use one of the numbers below:

For new business enquires:

Gemma Reynolds: 01799 582925

John Charcol, L&G, L&G Mortgage Club and all affiliated firms, LargeMortgageLoans.com

email: gemma.reynolds@saffronbs.co.uk

Katie Sharpe: 01799 582923

AToM, Intrinsic, PMS Club, Sesame, Tenet

email: katie.sharpe@saffronbs.co.uk

Holly Andrews: 01799 582885

3mc; 3mc Club, Brightstar; Brightstar Club, Complete FS, Knight Frank Finance, Mortgage Intelligence, Next Intelligence, Platinum Options, Positive Lending (UK) Ltd; Positive Lending Club, Private Finance, Private Label, Sammon Mortgage Management Ltd, TBMC, TMA Mortgage Club, Vantage Finance

email: holly.andrews@saffronbs.co.uk

For cases in progress call:

Mortgage Team: 01799 582966

email: mortgage.processing@saffronbs.co.uk

For technical support call:

01799 582966 option 2
Head Office

Saffron House, 1A Market Street,
Saffron Walden,
Essex CB10 1HX.
Telephone: 01799 522211

Intermediary Mortgage Portal

The Mortgage Portal enables you to select a Saffron mortgage product, request a DIP, submit a full mortgage application and monitor all your clients' cases. Designed to be easy to use and all of the instructions you need are on each screen but if you need it there's also a Quick Start Guide.

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Frequently Asked Questions

For any queries take a look at our FAQs or if you still require further help you can contact us on 01799 582966 and select option 2.

News

Saffron Announces New Reduced Fixed Rate Mortgages

First Time Buyers given new options to get on the property ladder

Saffron Building Society has launched two new reduced rate mortgages for First Time Buyers: 3.07% 3 year fixed and 3.37% 5 year fixed.

The new fixed rate mortgages offer some of the best rates in the market with all applications being individually assessed by a skilled underwriter giving an efficient and personal service.

With UK property prices drastically rising above wage growth in the last three years the new mortgage options will be of particular interest to First Time Buyers who have a limited deposit or who have received a ‘Gifted Deposit’ from a parent or other family member.

Product summary:

3 Year Fixed Rate – First Time Buyer

Rate: Now 3.07% fixed until 31.07.22 (was 3.27%) to 95% LTV
ERC: 3% for 3 years
Arrangement Fee: None
Loan: Min loan £30k, Max loan £500,000 (Up to £1m within the M25 subject to max 90% LTV and underwriter assessment)
Term: 40 years
Purpose: Purchase
Maximum Age: None Maximum
Gifted Deposits: Accepted

5 Year Fixed Rate – First Time Buyer

Rate: Now 3.37% fixed until 31.07.24 (was 3.47%) to 95% LTV
ERC: 3% for 5 years
Arrangement Fee: None
Loan: Min loan £30k, Max loan £500,000 (Up to £1m within the M25 subject to max 90% LTV and underwriter assessment)
Term: 40 years
Purpose: Purchase
Maximum Age: None Maximum
Gifted Deposits: Accepted

Anita Arch, Saffron Building Society’s Head of Mortgage Sales said: “We believe our new reduced rate mortgage products are just the boost First Time Buyers need. Home ownership in the current generation is much lower than the generation before – we want to help more people to take that initial step and get on to the property ladder. We are delighted to launch our two latest mortgage offerings to do just that”

Saffron launches Smaller Development Loans with expert customer support

Saffron Building Society has launched a new, smaller development finance loan for customers requiring an advance of between £150,000 and £500,000 to build or renovate a property to sell on the open market. The ‘Smaller Development Loan’, adding to Saffron’s established products financing larger projects of £500,000+, is supported by a team of relationship managers offering expert guidance for customers.

This latest offering from Saffron provides residential property loans designed specifically for experienced individuals and housebuilders working on small development projects throughout England and Wales. Saffron will lend primarily for new builds and conversions but will in some circumstances also consider funding projects which are part completed and which require additional funding to complete the project.

Saffron’s Smaller Development Loans can be used for:

Residential only: New build flats and houses
Conversions: (including barns), renovations & extensions
Part completed sites

Lending details:

  • Funding between £150,000 and £500,000
  • Leverage at the lower of 75% of project costs and 65% of GDV (maximum day one advance 65% of purchase price)
  • Interest rates typically start from 1% per month
  • Arrangement fee 2%
  • Exit fees 1%
  • Fixed legal costs typically £1,200 for a single titled property
  • Quantity Surveyor (QS) fees do not apply – Saffron’s internal QS monitors all sites so there are no external monitoring fees
  • Monitoring costs £100 per visit plus out of pocket expenses
  • When lending to limited companies, personal guarantees will be required.

Each customer taking out a development finance loan will be supported by a dedicated relationship manager throughout the build. This unique, customer support team includes newly appointed ‘Solo Baleisolomone’ who brings experience as a qualified quantity surveyor to his role, a particular benefit to those working on their first development project.

Peter Owen, Head of Property Development at Saffron Building Society said: “Our customers like the fact that we take a personal interest in their projects and provide ongoing advice, guidance and support throughout the complete development process. We don’t just lend and walk away, we are dedicated to the project and we visit the site to ensure we support our customers as the project progresses. We offer regular assistance wherever possible to enable them to overcome potential issues, such as unavoidable cost and time overruns.

Many of our customers stay with us and ask for support on subsequent projects – it becomes a partnership. For us, it’s not just about finance. It’s about lending our years of experience to help our customers achieve a successful outcome.”

More information about Saffron Building Society’s Development Finance services can be obtained by contacting: 01799 582886 or email Development.Finance@saffronbs.co.uk

Saffron goes ‘Solo’

Solo Baleisolomone joins Saffron Building Society’s Property Development Team

Solo Baleisolomone, a qualified Quantity Surveyor; former housing development site manager and decorated military engineering veteran has joined Saffron Building Society as a Relationship Manager in their Property Development team.

Solo, brings a wealth of experience to the role and provides a unique insight for customers financing their own development projects.

He will be providing customer support and oversight to those taking out residential property loans for both first time and experienced individuals and housebuilders working on development projects and self builds across England and Wales.

Peter Owen, Head of Property Development at Saffron Building Society said:
“Our customers like the fact that we understand the detail of their business and that we provide ongoing advice, guidance and support throughout the complete development process. Solo’s past experience within engineering and the building trade gives a unique combination of skills which will provide invaluable support to customers during their build. For the Society it provides us with an additional ‘string to our bow’ that will set us apart from most of our competitors. We are now able to view our funded projects from another angle other than that of purely a banking proposition and will also provide the internal resource that will enable us to closely monitor our smaller loans, without the need to engage an independent monitoring surveyor.”

Solo Baleisolomone commented: “Saffron adds a genuine, personal touch to the lending process which I like. My past role as a Quantity Surveyor also helps me understand our customers’ situations at a deeper, professional level. I am already starting to see areas where I can add value, not just for Saffron, but also for the customer.”

More information about Saffron Building Society’s Development Finance services can be obtained by contacting: 01799 582886 or email Development.Finance@saffronbs.co.uk

Saffron For Intermediaries Announces ‘Self-Build Autumn Sale’

New lower rate mortgage for a limited time only

Saffron Building Society is pleased to announce an ‘Autumn Sale’ offering self-builders a mortgage reduced from 4.45% to 4.20% (variable rate) for a limited period.

Saffron’s self-build mortgages are designed for anyone thinking about building their dream home or converting or refurbishing an existing structure.This new mortgage is ideal for clients wanting to start a project before the end of the year and benefit from a new lower rate.

This unique, discounted self-build mortgage includes the following features:

• Every application is manually assessed by a specialist self-build underwriter
• Flexible stage payments; funds are released in stages that can be tailored to each individual project
• Available to first time buyers
• Up to five times income considered on applications, assessed on a case by case basis
• Custom-build developments are also accepted

The opportunity for Brokers has never been stronger in this sector. Self-build is growing in popularity with Ipsos MORI showing that one in seven people in the UK expect to look into building their own home, which equates to around 7 million home owners.

Colin Field, Saffron Building Society’s CEO said: “We know there is growing demand for self-build homes and we want to support our brokers and their customers who are keen to go it alone on a building project. Many will have taken time off during the summer giving them head space to plan their dream ‘self build’ house project. Our Autumn Sale will now help in that next step, getting the finances in place to make this dream become a reality.” Field added “A project like this may seem daunting to many but one of our specialist team will be pleased to help customers complete this important step in the process – helping to reduce the stress.”

Full product details can be found here: and you can easily submit a case via our online broker portal.

If you have any questions please speak with our Business Development Managers, who will be happy to help:

Holly Andrews on 01799 582885
Gemma Reynolds on 01799 582925
Katie Sharpe on 01799 582923

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