This website is for use by intermediaries only

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

email: gemma.reynolds@saffronbs.co.uk

Katie Sharpe: 01799 582923

Impact Specialist Finance, Intrinsic, PMS Club, Sesame, Tenet

email: katie.sharpe@saffronbs.co.uk

Holly Andrews: 01799 582885

3mc; 3mc Club, Brightstar; Brightstar Club, Complete FS, Mortgage Intelligence, Next Intelligence, Platinum Options, Positive Lending (UK) Ltd; Positive Lending Club, 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.

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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 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
Katie Sharpe: 01799 582923
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

Saffron introduces improved self-build mortgages

Brokers given wider customer options in increasingly popular specialist sector

Saffron Building Society has made several enhancements to its self-build mortgages in response to feedback from its members and broker contacts. The new products give intermediaries a much more flexible product to offer their customers. There are more options depending on the amount of capital customers have up front.

Quicker application process

Saffron’s years of experience helping self-builders have shown that the application process can be fraught with difficulty. Architectural drawings may need to be tweaked and alterations made with the process often feel exhausting. In the past, Saffron accepted applications only when the full planning approval was in place, which the society has reviewed and amended to make the process quicker.

Saffron now accept mortgage applications with only outline plans, the offer is sent once full planning permission has been secured.

New Options

Saffron has developed an option for self-builders who have less money up front to start their development. This is an alternative to its popular self-build mortgage with new Loan to Value options:

The self-build mortgage range now includes the following options:

Rate: 3.99% (SVR – 1.65%) discount for 24 months
LTV: Will lend up to:
– 65% of the purchase price
– 100% of the build costs
– A maximum of 75% of the gross development value
Arrangement fee: 1%
ERC: None
Repayment: interest only or repayment (if repayment chosen, interest only available during the build period up to a maximum of 24 months)
Loan amount: £30,000 up to £1m

Rate: 4.19% (SVR – 1.45%) discount for 24 months
LTV: Will lend up to:
– 80% of the purchase price
– 80% of the build costs
– A maximum of 80% of the gross development value
Arrangement fee: 1%
ERC: None
Repayment: interest only or repayment (if repayment chosen, interest only available during the build period up to a maximum of 24 months)
Loan amount: £30,000 up to £1m

Saffron’s new self-build product means customers don’t have to have as much deposit to secure the mortgage and don’t need as much money in place to fund the build costs. Brokers can find full product details on Saffron’s Self-Build pages. The Society also allows applicants to borrow more against the gross development value of their new home.

Unrivalled support as you build

There are several features of Saffron’s mortgages that particularly stand out in the market, the Society:

  • Can lend up to £1m on each mortgage, while many lenders firmly limit this to £500,000
  • Can lend up to 100% of the build costs
  • Offer flexible stage payments; funds are released in stages that can be tailored to each individual project

Anita Arch, Saffron’s Head of Mortgage Sales comments: “It’s not just our mortgages that set us apart. Our aim to provide unrivalled support along the way is just as important as providing helpful products. We have a team of specialist underwriters who have detailed knowledge of self-build projects and will apply this to each application which will be manually checked. They will take time to review the details and attempt to do all they can to provide the funds your customers need for their new home.”

Brokers with questions about the new, improved self-build mortgages can speak with one of Saffron’s Business Development Managers, who will be happy to help:

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

Saffron launches first-time buyer ‘Family Support’ mortgage

Competitive rates & family contributions returned with interest

Saffron Building Society has launched a ‘Family Support’ mortgage giving brokers new options for first-time buyers. The new product gives access to a competitive interest rate which is fixed for five years. A customer must provide a 5% deposit and a family member holds funds in a Saffron Family Support Savings Account, for the first five years of the mortgage. The family contribution also gains interest over the fixed term period before being returned.

At a time when raising a mortgage deposit can be challenging and proving to be a difficult financial juggling act between saving and meeting living costs, many first-time buyers need some support from their families.

Saffron’s ‘Family Support’ mortgage, with a range of innovative features, can help brokers’ customers facing this situation and works as follows:

  • The customer provides 5% of the purchase price by way of a deposit (which can be a gifted deposit)
  • A member of their family holds another 5 % of the purchase price in a Saffron Family Support Savings Account linked to the Mortgage
    • The funds are held in a Saffron Family Support Savings Account for the duration of the five year fixed term of the mortgage
    • The funds cannot be accessed for the five year fixed term of the mortgage
    • At the end of the five year term, the funds are returned with interest paid
  • The customer gets the support they need to buy their home and a competitive interest rate during the term of the mortgage, which has a fixed rate for five years
  • Saffron pays for the customers valuation and there is no arrangement fee on the mortgage – cutting down upfront costs

Product details:

Rate: 2.97% to 95% LTV
Arrangement Fee: None
Early Repayment: 3% for 5 years
Loan: Min loan £30k, Max loan £500,000
Term: Min mortgage term 5 years; Max mortgage term 40 years
Purpose: Purchase

Anita Arch, Saffron Building Society’s Head of Mortgage Sales said: “Our Members told us that they’d like a way of supporting their families financially in the early years of home ownership but, when they found their feet, to have the money they provided returned. These funds might be needed as part of retirement planning for example. A gifted deposit is often seen as an ideal way to assist, but ‘gifted’ money is not repayable which means it is not always the ideal solution.”

Arch added: “In addition, the family member providing the support receives interest on their funds, at the end of the five year term. We see this as a great way for families to help each.

Full product details can be found here.

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

Saffron Launches Enhanced Affordability Calculator

Saffron Building Society has launched a revamped affordability calculator designed to assist brokers and their customers when choosing a new residential mortgage. Findings from the enhanced tool can potentially give access to a wider set of loan options than previous and the opportunity to borrow more funds to secure a new home.

The calculator’s upgraded capability creates a more realistic model to accurately estimate a customer’s expenditure by household size giving more flexibility in terms of lending levels offered. These improvements will mean a better result for most customers who are in the market for a new mortgage.

Recent mortgage applications submitted through the ‘Saffron for Intermediaries’ online portal are already illustrating this. In some cases customers have been able to borrow up to 35% more.

Anita Arch, Saffron Building Society’s Head of Mortgage Sales said: “In a world where financial vulnerability is monitored closely, and quite rightly so, it’s never been more important for brokers to help their customers estimate how much they can afford to borrow to buy a home.” Arch added: “Saffron’s new enhanced affordability calculator offers a more sophisticated approach which we’re finding opens up many new lending opportunities whether it be a variable rate, fixed rate, first time buyer or a residential mortgage for the self-employed.”

Full details and the opportunity for brokers to test Saffron’s new affordability calculator can be found at: https://www.saffronforintermediaries.co.uk/calculators/.

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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