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Owner Occupied / Residential - discount rate mortgages

Please be aware all mortgage products were withdrawn at 5pm on Thursday 4 August, except for Self-Build. This is so we can focus on processing our existing applications as quickly as possible and restore our service levels to normal. System issues mean products are still visible on the portal, but applications received after the deadline will NOT be accepted. Please keep checking back for updates for when our new products will be launched.

Contact the Intermediary Support Team (01799 582 925 or ist@saffronbs.co.uk) with any queries, and thanks for your understanding at this busy time.

Discount rate mortgages can change their mortgage interest rates at any time, subject to the terms and conditions of the mortgage.

The rate of interest paid on these mortgages will change according to our Standard Variable Rate.

Product Criteria 

Same as current (except we have removed the application fee)

  • Free Valuation Fees
  • Minimum age 21
  • Interest only or repayment
  • Interest only to 70% max LTV and subject to an acceptable repayment strategy
  • Minimum loan size £30,000
  • Maximum loan size £1,000,000
  • Loans over this are priced on a bespoke basis and have restricted LTV’s

Overpayments of up to 10% of the original loan amount per annum are allowed without penalty

 

Second Home Criteria 

  • Free Valuation Fees
  • Minimum age 21
  • For second homes
  • Affordability is solely based on personal income and no income from short term letting is used
  • Maximum 90 days per year of short term letting
  • No AST or contract for tenant
  • Not available to properties on holiday parks or subject to occupancy restrictions
  • Interest only or repayment
  • Interest only to 70% max LTV and subject to an acceptable repayment strategy
  • Minimum loan size £30,000
  • Maximum loan size £1,000,000
  • Loans over this are priced on a bespoke basis and have restricted LTV’s

* Overpayments of up to 10% of the original loan amount per annum are allowed
without penalty
 

Owner Occupied/Residential - variable rate mortgages

Your home may be repossessed if you do not keep up payments on your mortgage