We’re here to help you get your clients into their dream home.
Today sees the launch of our new campaign with our team focused on getting your clients into their new homes in early 2022.
The criteria changes that we launched this year to bring the society’s products and criteria in line with a post-pandemic world, were just step one. Phase two launches today with ‘Let’s get them home’ a wide range of product updates to allow your client’s more variety when choosing a mortgage.
So, what’s new?
New 95% LTV residential mortgage – Today, the society has launched a new 95% LTV product for broker’s clients who may have limited equity in their current home. Launching as a 2-year fixed, at 2.77% the product is the latest edition that supports the needs of a pandemic market, whilst rate reductions are included across the current range.
Self-Employed and Contractors – The support for the self-employed has been a big focus for Saffron, with the update in criteria allowing more applications to be considered. Today, the society is not only announcing a reduction in rates across the range of self-employed and contractor mortgages, but have also introduced a 90% LTV, fixed-rate mortgage to allow more opportunity to get self-employed in their new home.
First-time buyers also benefit from the campaign, as the society reduces rates across the 90% and 95% LTV, 2 and 5-year products. The society is still offering one 2-year and one 5-year with no arrangement fee, allowing clients to choose between a reduced rate or lower upfront costs. The popular Joint Borrower Sole Proprietor product also benefits from a rate reduction, allowing those struggling with affordability the opportunity to get on to the property ladder with family support.
Tony Hall, head of mortgage sales comments: “We don’t use the phrase common-sense lending loosely; it is part of our ethos at Saffron. We know that every applicant has their own story. Therefore, we have spent a long time perfecting our application process, making it easier, more efficient, and accessible for brokers to submit applications. Including the ability to submit bespoke and atypical information in support of applicants who might have a unique story we must understand.
“The introduction of a 95% LTV mortgage for existing homeowners is a healthy addition to our range when considering the current marketplace. The requirements for our homes are changing, with many now working from home and re-evaluating their living space. However, some may not quite have the equity in their home or the ability to save a large deposit to make that move. This product provides a solution to those clients and can get them home in early 2022 with some new reduced rates.
“At Saffron we are always improving products and looking for ways to ensure we have plenty on offer for your clients - providing a wider choice when choosing a mortgage. Whether they are an existing homeowner, are looking for a greener alternative or a first-time buyer. We hope we can now provide brokers with the opportunity to get them in their new home as the new year breaks.”
You can find all products and information around the changes via the links on the page or get in touch with our friendly team.
Watch our latest videos
Introduction from Tony
To celebrate the launch of our latest updates to our mortgage range available for you now, here is Tony Hall to discuss what we have been up to…
Changes to our Owner Occupied Range
Holly Andrews provides an overview of our reduced rates and updated criteria to our residential, owner-occupied range. Also, we are announcing a new 95% LTV product too…
Updates to our first-time buyer and JBSP
Phil Lawford gives you an update on our First-Time Buyer range, including criteria and rate changes. This also includes the ever-popular Joint Borrower Sole Proprietor mortgage too...
Even more support for Self-Employed and Contractor Applicants
As if we haven’t done enough, we are taking yet another step in support of self-employed and contractor applicants. Check out the new 90% LTV product too. Here is Simon O’Donnell with more…
