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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

L&G, L&G Mortgage Club and all affiliated firms, PMS, Sesame, TMA Mortgage Club

email: gemma.reynolds@saffronbs.co.uk

Holly Andrews: 01799 582885

3MC, 3MC Club, Brightstar, Brightstar Club, Complete FS, Impact Specialist Finance, Mortgage Intelligence, Next Intelligence, Platinum Options, Positive Lending (UK) Ltd, Positive Lending Club, Quilter, SimplyBiz, TBMC, Tenet, 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.

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Frequently Asked Questions

For any queries take a look at our FAQs or our Quick Start Guide.

If you still require further help you can contact us on 01799 582966 and select option 2.

News

Saffron introduces enhanced range of Limited Company Buy-to-Let mortgages

Saffron Building Society continues to develop its specialist lending range for landlords with the introduction of a new 5 year fixed product, and improved rates and reduced arrangement fees on their 2 year Limited Company Buy-to-Let mortgages.

2.97% fixed until 28.02.2022 Limited Company BTL 75%
3.47% fixed until 31.01.2025 Limited Company BTL 75% – Rental cover 125% of pay rate.

This new product range continues to be popular with landlords wishing to maximise their returns against a backdrop of changes in tax liability introduced by Government.

The recent tax changes mean that some private landlords are better suited to running their investment properties through a limited company. As a result the need for mortgages to accommodate this situation is set to increase further and has inspired Saffron to meet the need with wider and more competitive options.

Key Features

2 Year Fixed Rate Limited Company Buy to Let
Rate: 2.97% fixed until 28.02.2022 to 75% LTV
ERC: 2% for 2 years

5 Year Fixed Rate Limited Company Buy to Let
Rate: 3.47% fixed until 31.01.2025 to 75% LTV- Rental cover 125% of pay rate
ERC: 3% for 5 years

Loan: Min £30k, £1m Max
Arrangement fee: £1%
Overpayments: 10% per annum penalty free
Purpose: For landlords looking to purchase or re-mortgage investment property through a Limited Company.

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

Anita Arch, Saffron’s Head of Mortgage Sales comments: “For those landlords wanting to make the return on their investment more tax efficient through a limited company our lower rate 2 year fixed mortgage, the introduction of a new 5 year fixed product and a 1 % decrease in arrangement fees is worth consideration. Intermediaries have attractive new options to offer their landlord clients.”

Brokers with questions about the new, Limited Company Buy-to-Let mortgages can speak with one of Saffron’s Business Development Managers, who will be happy to help:

Holly Andrews: 01799 582885
Gemma Reynolds: 01799 582925

Saffron introduces improved Retirement Interest Only (RIO) Mortgage range

NEW Fixed rates, reduced rates and lower fees

With an 88% growth in households headed by someone aged 65 predicted by 2041* Saffron Building Society is developing its specialist mortgage range for retirees to accommodate the increased demand already being seen from brokers servicing this sector.

Saffron’s latest addition to its Retirement Interest Only (RIO) mortgage products includes new fixed rates options; reduced rates on existing RIO mortgages and lower fees across the RIO range. The introduction of these latest improvements gives retired customers further opportunity to stay in their homes for longer, or to unlock the value of their properties freeing up cash to enable wider lifestyle opportunities.

3.14% 3 Year Discount Retirement Interest Only Mortgage POA
3.44% 3 Year Discount Retirement Interest Only Mortgage
3.37% fixed until 31.01.2023 Retirement Interest Only Mortgage POA
3.67% fixed until 31.01.2023 Retirement Interest Only Mortgage

Key Features

3.14% ((SVR-2.5%) to 50% LTV – requires a Power of Attorney (POA) to be in place for applicant
3.44% (SVR-2.2%) to 50% LTV
Arrangement fee: £499
Early Repayment Fee: 3% for 3 years
Overpayments: 20% penalty free per annum
Loan: Min loan £30K, Max loan £1M
Repayment: Interest only
Purpose: Purchase or re-mortgage

3.37% to 50% LTV – requires a Power of Attorney (POA) to be in place for applicant
3.67% to 50% LTV
Arrangement fee: £999
Early Repayment Fee: 3% for 3 years
Overpayments: 20% penalty free per annum
Loan: Min loan £30K, Max loan £1M
Repayment: Interest only
Purpose: Purchase or re-mortgage

Who would a RIO Mortgage appeal to?

The RIO products will appeal to different market segments depending on their needs:

  • The mortgage allows borrowers to protect the equity in their home and/or release equity to support their lifestyle such as looking after family members, residential care or home improvements.
  • People with an interest only mortgage, who have a repayment vehicle in place, can choose to use their capital for other purposes.
  • Borrowers with an interest only mortgage, who do not have a repayment vehicle, can use this product to stay in their property for longer.

To help Brokers identify potential customers, Saffron have provided some hypothetical examples to illustrate the types of customers that could benefit from the RIO product.

Anita Arch, Head of Mortgage Sales at Saffron Building Society said: “We continually review the market to see where new opportunities are emerging for our broker partners. The retirement sector is definitely one area to keep an eye on in terms of new selling opportunities – as such we have redefined our RIO mortgage range to accommodate the increasing demand in this specialist area.
Many consumers don’t think it’s possible to obtain a mortgage in retirement let alone get one that can help fund a lifestyle. People are living longer and are expecting to maintain a certain standard of living during this time. One of the key benefits associated with our RIO products is the opportunity for customers to utilise the capital linked to homeownership providing a popular way for them to finance living in later life.
We will be pleased to speak with our broker partners to outline in more detail the growth opportunities in the retirement mortgage market.”

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 Mangers, who will be happy to help:

Holly Andrews: 01799 582885
Gemma Reynolds: 01799 582925

New reduced rates for Saffron’s self-employed and contractor mortgages

Saffron Building Society has announced reduced rates and extended terms on self-employed and contractor mortgages as the lender continues to develop its specialist situations range.

Self-employed mortgages, available to customers with one year’s trading accounts:
• 3.07% fixed until 31.01.2022 Self Employed, 80% LTV
• 3.57% fixed until 31.01.2022 Self Employed, 90% LTV

Contractor mortgages, available to customers working on a contract basis:
• 2.87% fixed until 31.01.2022 Contractor, 80% LTV
• 3.37% fixed until 31.01.2022 Contractor 90% LTV

Saffron’s ongoing review of market needs has prompted the Society to customise its mortgage offering in this sector to enable applicants to have increased options and access to competitive mortgage products.

The number of self-employed workers has steadily increased in the UK since 2001 and now account for around 15% of the working population* giving intermediaries a growing market to service and offer tailored mortgage solutions. Saffron’s revamped range of mortgages in this niche area has been designed to fulfil this opportunity with unique new features including an LTV of up to 90%.

5 Years Fixed Rates – Self Employed

Rate: 3.07% (SVR-1%) to 80% LTV
Loan: Min loan: £30K, Max loan: £1K

Rate: 3.57% (SVR-1%) to 90%
Loan: Min loan: £30K, Max loan: £500,000

Arrangement fee: £999
ERC: 2 % for 2 years
Purpose: for purchase or remortgage.
Term: 40 years

5 Years Fixed Rates – Contractor

Rate: 2.87% (SVR-1%) to 80% LTV
Loan: Min loan: £30K, Max loan: £1K

Rate: 3.37% (SVR-1%) to 90%
Loan: Min loan: £30K, Max loan: £500,000
Arrangement fee: £999
ERC: 2 % for 2 years
Purpose: for purchase or remortgage.
Term: 40 years

Anita Arch, Saffron’s Head of Mortgage Sales comments: Long gone are the days of a job for life or income being generated from just one source each month. Self-employment and contract work is most definitely on the up with 4.8 million choosing to work this way according to the Office for National Statistics.**

This shift in working patterns gives a fantastic sales opportunity for brokers. Using a specialist lender is a proven way to successfully fulfil a customer’s mortgage needs when they choose to work like this and don’t necessarily fit into standard lending criteria.

All applications made with Saffron are individually assessed by a skilled underwriter giving brokers customers an efficient and personal service taking into account what can sometimes be a unique employment situation.”

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 Mangers, who will be happy to help:

Holly Andrews: 01799 582885
Gemma Reynolds: 01799 582925

Saffron’s Retirement Interest Only (RIO) Mortgage offers further options to an ageing population

Saffron Building Society has announced that its Retirement Interest Only (RIO) Mortgage is now available across its entire network of broker partners giving retired customers opportunity to stay in their homes for longer, or to unlock the value of their properties freeing up cash to enable wider lifestyle opportunities.

3-year discounted Rates:

3.34% ((SVR-2.3%) to 50% LTV – requires a Power of Attorney (POA) to be in place for applicant
3.64% (SVR-2.0%) to 50% LTV

Arrangement fee: £999
Early Repayment Fee: 3% for 3 years
Overpayments: 20% penalty free per annum
Loan: Min loan £30K, Max loan £1M
Min Term: 5 Years
Max Term: None
Repayment: Interest only
Purpose: Purchase or re-mortgage

Who would it appeal to?

The new RIO product will appeal to different market segments depending on their needs:

  • The mortgage allows borrowers to protect the equity in their home and/or release equity to support their lifestyle such as looking after family members, residential care or home improvements.
  • People with an interest only mortgage, who have a repayment vehicle in place, can choose to use their capital for other purposes.
  • Borrowers with an interest only mortgage, who do not have a repayment vehicle, can use this product to stay in their property for longer.

To help Brokers identify potential customers, Saffron have provided some hypothetical examples to illustrate the types of customers that could benefit from the RIO product.

Life expectancy

In 1982, average life expectancy in the UK was 72 — just seven years beyond men’s default retirement age of 651 but things are changing. Now, life expectancy has risen to a level not seen in previous generations, people can choose when they leave the workforce and they have far more options on how to live their lives after full time employment. Saffron is developing products like RIO to fulfil shifting needs.

Anita Arch, Head of Mortgage Sales at Saffron Building Society said: “Many consumers don’t think it’s possible to obtain a mortgage in retirement let alone get one that can help fund a lifestyle. People are living longer and are expecting to maintain a certain standard of living during this time.
At Saffron, we don’t believe customers should be limited by ‘everyday’ products – we like to be flexible and are increasingly offering more options in the ‘specialist’ space to meet customer needs more appropriately. Our RIO product utilises the capital linked to homeownership and is becoming a popular way to finance living in later life. We look forward to reaching out to more and more brokers with this latest mortgage so they have a further option to offer to those in retirement.”

Brokers can easily submit a case via our online broker portal.

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

Holly Andrews: 01799 582885
Gemma Reynolds: 01799 582925

Saffron brings new Houses in Multiple Occupation (HMO) mortgages to market Specialist lender offers unique BTL offering to landlords

Saffron Building Society has launched a series of niche Buy-to-Let mortgages aimed at experienced landlords wanting to capitalise on renting Houses in Multiple Occupation (HMO). The four new products form part of Saffron’s expanding portfolio of specialist mortgages.

Product key features:

Small HMO BTL:
3.37% fixed until 31.10.2021, 75% LTV (2 Year)

Large HMO BTL:
3.67% fixed until 31.10.2021, 65% LTV (2 Year)

Small HMO BTL Light Refurb:
3.64% (SVR-2.0%), 3 Year Discount, 75% LTV

Large HMO BTL Light Refurb:
3.94% (SVR-1.7%), 3 Year Discount, 65% LTV

The Small HMO products are designed for experienced Buy-to-Let investors looking to purchase their first HMO property (maximum tenants 4), add to their existing portfolio of HMO properties or re-mortgage an existing HMO mortgage. The Large HMO alternatives relate to properties designed to accommodate up to 6 tenants.

Wider options for landlords include HMO products where properties require a level of light refurbishment prior to renting the property. This may be cosmetic work, work to meet HMO regulation or light internal structural work to create additional bedrooms.

In addition to the new HMO mortgage options Saffron is introducing an improved 3.44% (SVR-2.2%) 3 Year Discount BTL Light Refurbishment product with an LTV of 75% giving even further choice to those wishing to secure an income from rental property.

These new mortgages are open to applications from private landlords or landlords operating as a limited company.

Anita Arch, Saffron Building Society’s Head of Mortgage Sales said: “The recent changes to Buy-to-Let regulation have resulted in landlords looking at how they can maximise rental yield – Houses in Multiple Occupation have become a key area of focus. The HMO products we’ve introduced are designed to not only increase landlord’s income, but in the most efficient way possible creating new opportunities for intermediaries and their customers.”

Brokers can easily submit a case via our online broker portal.

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

Holly Andrews: 01799 582885
Gemma Reynolds: 01799 582925

Saffron reduces rate on Expat Buy To Let Mortgages

Saffron Building Society has introduced reduced rates and extended terms on its range of Expat mortgages giving brokers the opportunity to offer a new solution to landlords looking to purchase or re-mortgage a ‘Buy To Let’ property in the UK whilst living abroad.

3.77% fixed until 30.11.2024, 55% LTV
4.17% fixed until 30.11.2024, 75% LTV

Additional key features of Saffron’s latest Expat Buy To Let mortgages include:

  • No restriction on countries – Expat Landlords can live in any location around the world including Australia, New Zealand and the USA
  • Available to First Time Buyers
  • Regulated Buy To Let accepted from non-EEA countries
  • No UK mortgage history required
  • No minimum income
  • Rental cover at 140% of pay rate

Anita Arch, Head of Mortgage Sales at Saffron Building Society commented: “With over a million* UK Nationals reportedly living overseas there is significant opportunity for intermediaries wanting to tap into the Expat Buy To Let market.

Although Brexit uncertainty is being touted as a potential factor to ‘dampen’ this specific market we’ve seen little evidence of this from our customers. In fact this latest ‘reduced rate’ offer has been introduced due to increasing demand for this product!

The continuing strength in the UK rental market and the ‘supply and demand’ factor adding value to property makes rental opportunities back at home an attractive investment for British expats living abroad.”

New – 5 year Fixed Rates:

Rate: 3.77 % fixed until 30.11.2024 to 55% LTV
Rate: 4.17 % fixed until 30.11.2024 to 75 % LTV
Arrangement fee: 2.5 %
ERC: 3 % for 5 years
Loan: Min loan £30k, Max loan £1m
Term: 40 years
Purpose: For purchase or remortgaging
Maximum Age: No maximum

Rental cover:

5 Year Fixed Rates: Rental Cover 140% of pay rate
Variable Rates: Rental cover 140% of either pay rate + 2% or 5.5%, whichever is higher
Rental Cover on debt for debt re-mortgage cases 125% of pay rate. Fees may be added to the loan

This improved range of Expat Buy To Let mortgage options boosts Saffron’s portfolio of ‘Special Situation Mortgages’ which also includes mortgages specifically for: Self Build; Custom Build; Buy To Let – Light Refurbishment; Contractors and the Self Employed.
All applications will be individually assessed by a skilled underwriter with all customers receiving an efficient and personal service.

Brokers can easily submit a case via our online broker portal.

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

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

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