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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 enquiries:

01799 582 925

email: bdm.enquiries@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

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.

Login to the Intermediary Mortgage Portal:

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Register for the Intermediary Mortgage Portal:

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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.

Residential Mortgages

We have two ranges of residential mortgages:

Special Situations

For borrowers with specific requirements such as the self-employed with just one years’ accounts, or contractors and professionals wanting higher LTV loans, or borrowers wanting to build or renovate a home of their own.

Everyday

For borrowers facing everyday situations such as buying a first home, moving to another home or remortgaging.

Whatever your clients’ needs and whatever mortgage they choose, they will also be guaranteed:

  • a decision made by a skilled and knowledgeable underwriter, rather than an automated credit scoring system
  • a fast and reliable service for which we were delighted to win the Moneyfacts ‘Best Service from a Mortgage Provider’ award in 2014

If your client is creditworthy but has been struggling to find a mortgage to suit their specific needs, we may be able to help.

And if one of our existing mortgages doesn’t quite fit because your client requires features from several of our products, then we may be able to tailor a mortgage to suit their precise needs.

Special Situations MortgagesCatering for borrowers with distinct needs

Self Employed

For those working on a self-employed basis, this mortgage is available for applicants with only 1 year’s accounts. It is also available to First Time Buyers who are self-employed.

View Case Study

Fixed rate

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.07% Fixed Fixed to31.01.2022 4.39% (SVR-1.00%) £999 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 2.00% for two years* 4.3% 0.35% DR0701

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

* Overpayments of up to 10% per annum are allowed without penalty

Variable rate

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.49% (SVR-2.9%) 3 Years 4.39% (SVR-1.00%) £499 60%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes None 4.3% 0.35% DR0610

The interest rate charged will not fall below 2.00% at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.79% (SVR-2.6%) 3 Years 4.39% (SVR-1.00%) £499 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes None 4.4% 0.35% DR0611

The interest rate charged will not fall below 2.00% at any point during the mortgage.

Product Criteria

  • Minimum 12 months’ accounts plus a projection of future earnings
  • 3 months’ personal and business bank statements
  • Minimum age 21
  • Minimum term 5 years
  • Interest only or repayment
  • Interest only to 70% max LTV and subject to an acceptable repayment strategy
  • Minimum property value £100,000
  • Minimum loan size: £30,000. Maximum loan size: £1,000,000 up to 80% LTV or £500,000 above 80% LTV. Loans over this are priced on a bespoke basis and have restricted LTV’s

Capital Repayment incentive (not applicable on fixed rates)

  • Borrowers can repay capital at any time and reduce the mortgage interest rate if they move into a lower LTV band, with no additional fee
  • LTV is always based on the original property value when the mortgage was taken out
  • Borrowers will never be required to move up to a higher rate
  • Further information for borrowers
Submit a DIP

Not registered? Register Now

Contractor

Available for individuals who are working on a short-term contract basis, Saffron takes into account the contractor’s circumstances and income structure. It is also available to First Time Buyers in contractor roles.

View Case Study

Fixed rate

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.87% Fixed Fixed to31.08.2022 4.39% (SVR-1.00%) £999 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 2.00% for two years* 4.2% 0.35% DR0756

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

* Overpayments of up to 10% per annum are allowed without penalty

Variable rate

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.39% (SVR-3.0%) 3 Years 4.39% (SVR-1.00%) £499 60%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes None 4.2% 0.35% DR0615

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.69% (SVR-2.7%) 3 Years 4.39% (SVR-1.00%) £499 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes None 4.3% 0.35% DR0616

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

Product Criteria

  • Evidence of existing or new contract required
  • Applicants must have 2 years’ experience within the same industry
  • Income calculated as Daily Rate x 5 x 48
  • Minimum age 21
  • Minimum term 5 years
  • 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 up to 80% LTV or £500,000 above 80% LTV. Loans over this are priced on a bespoke basis and have restricted LTV’s

Income documents required:

  • Current and previous contract
  • Last 3 months’ invoices
  • Last 3 months’ bank statements showing invoice credits
  • CV outlining previous employment history (2 years in the same industry required)

Capital Repayment incentive (not applicable on fixed rates)

  • Borrowers can repay capital at any time and reduce the mortgage interest rate if they move into a lower LTV band, with no additional fee
  • LTV is always based on the original property value when the mortgage was taken out
  • Borrowers will never be required to move up to a higher rate
  • Further information for borrowers
Submit a DIP

Not registered? Register Now

Retro Fit Mortgage

Our Retro Fit Mortgage rewards borrowers’ who are looking to improve the energy efficiency of their home.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
1.47% Fixed Fixed to30.11.2022 4.39% (SVR-1.00%) £999 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase (including First Time Buyers) & Remortgage Yes 2% for 2 years* 3.4% 0.35% DR0770

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

The minimum term for this product must equal or exceed that of the fixed rate period.

* Overpayments of up to 10% per annum are allowed without penalty

Product Criteria

  • Free valuation
  • Minimum age 21
  • Interest only to 70% max LTV and subject to an acceptable repayment strategy
  • EPC Certificate to be provided at application
  • Energy Improvement Reward available if the EPC band of property is improved – to a minimum of Band E – within 6 months of completion of the mortgage

Energy Improvement Reward (EIR)

  • Upon us receiving evidence of the improved EPC rating (to a minimum of Band E), a rate reduction of 0.10% will be applied to the mortgage for the remaining term of the fixed rate period

Energy Improvement Reward Criteria

  • The EPC rating of the property must be improved – to a minimum of Band E
  • The energy efficiency improvement works must be completed within 6 months of completion of the mortgage
  • Evidence of the improved EPC band must be provided upon completion of the works
We recommend that you seek specialist guidance before conducting the works to improve the energy efficiency of your home. Submit a DIP

Not registered? Register Now

Self-build and custom-build

SUMMER SALE New lower fee For a limited time only!

Available to self-builders to build a new house or refurbish an existing structure for their own occupation.

Available for custom-build. For custom-build applications, please select the self-build product and mark as custom-build in the notes section.

Available to First Time Buyers.

Funds can be drawn down in flexible stage payments.

View Case Study

Guide to Self Build Mortgages

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.99% (SVR-1.40%) 24 months 4.39% (SVR-1.00%) 0.50% 65% of purchase price 100% of the build costs and max Gross Development Value 75%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage No None 4.5% 0.50% DR0783
Initial Rate Product Term Revert Rate Arrangement Fee LTV
4.19% (SVR-1.20%) 24 months 4.39% (SVR-1.00%) 0.50% 80% of purchase price 80% of the build costs and max Gross Development Value 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage No None 4.5% 0.50% DR0784

Product Criteria

  • Minimum age 21
  • Minimum term 5 Years
  • Maximum term 40 Years
  • Owner Occupied only
  • 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
  • Interest only or repayment
  • Interest only subject to meeting lending policy and having an acceptable repayment strategy. If taken for the full term of the mortgage, available to a maximum 70% GDV
  • If the mortgage is taken out on a repayment basis, interest only is available for the build period up to a maximum of 24 months. You must explain the consequences of this to your client and evidence this in your suitability letter
  • Available for custom-build
  • Available for first time buyers
  • Loan must be fully serviced by applicants’ income
  • Outline Planning permission required at application
  • Full planning permission and building regulations required before Offer
  • Full breakdown of works together with costings and architectural drawings required
  • Funds can be drawn down in flexible stage payments to suit the clients’ needs (no more than one drawdown per month) subject to re-inspection. Re-inspection fees can be found on our website
  • Retained funds must be drawn within the first 24 months or will be removed from the loan
  • A new home warranty/certificate is required from one of the following:
    • NHBC
    • Premier Guarantee
    • BLP
    • ICW Limited
    • Buildzone
    • LABC

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

Submit a DIP

Not registered? Register Now

Retirement Interest Only (RIO)

This product allows flexibility for borrowers in later life. Only available to retired borrowers on an interest only basis, with the loan being repaid by sale of the property on a set life event. They are for an open ended term

To understand what potential RIO mortgage customers may look like please read our article Identifying Customers for (RIO) Mortgage.

Fixed Rate

RETIREMENT INTEREST ONLY MORTGAGE – POA

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.37% Fixed Fixed to31.01.2023 5.39% (SVR) £999 50%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 3% for three years*The ERC term is from completion 5.4% 0.35% DR0710

RETIREMENT INTEREST ONLY MORTGAGE

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.67% Fixed Fixed to31.01.2023 5.39% (SVR) £999 50%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 3% for three years*The ERC term is from completion 5.4% 0.35% DR0711

Variable Rate

RETIREMENT INTEREST ONLY MORTGAGE – POA

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.89% (SVR -2.50%) 3 years 5.39% (SVR) £499 50%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 3% for three years*The ERC term is from completion 5.4% 0.35% DR0708

RETIREMENT INTEREST ONLY MORTGAGE

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.19% (SVR -2.20%) 3 years 5.39% (SVR) £499 50%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 3% for three years*The ERC term is from completion 5.4% 0.35% DR0709

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

* Overpayments of up to 20% per annum are allowed without penalty

Product Details

  • Maximum No of Applicants: 2
  • Minimum age (all applicants): 55 and in retirement
  • Minimum Loan: £30,000
  • Maximum Loan: £1,000,000 (Loans over this are priced on a bespoke basis and have restricted LTV’s)
  • Minimum Term: 5 years
  • Maximum Term: no maximum
  • Repayment: Interest Only repayable from sale of property upon vacating (by latest occupant) i.e. death or moving into residential care facility

Specific Product Criteria

N.B. The POA product requires a Power Of Attorney to be in place for contact reasons.

  • Affordability (Joint Applicants): For joint applications, affordability must be proven against each applicant individually (to ensure the loan remains affordable in the event of death of the other applicant)
  • Couples living together in the property (whatever relationship) must both be named on the mortgage and the Title
  • Independent legal advice is required before entering into the mortgage contract
  • Adult Occupiers are acceptable provided they have the capability to execute a consent form waiving their rights to the property (excluding employed carers)
  • Please note Retirement Properties (with restricted occupancy clauses) are not within policy
  • Mortgage Exit Fee – Retirement Interest Only Mortgage Product.
    You will have to pay this if:
    • Your mortgage is repaid in full,
    • You transfer the mortgage to another lender, or
    • Transfer borrowing from one property to another

PLEASE READ THE GUIDANCE NOTES BEFORE SUBMITTING A CASE

In addition, please print off a copy of our Supplementary Sheet for your customer.

Submit a DIP

Not registered? Register Now

Everyday MortgagesStraightforward mortgages with competitive rates

Joint Borrower Sole Proprietor First Time Buyer Mortgage

This mortgage is available to first time buyers looking to purchase their first home and allows a family member to assist with affordability. Their income can be considered alongside that of the borrowers to help cover the shortfall required to purchase the property.

Please contact your BDM to discuss our JBSP mortgage and how to establish affordability.

Fixed rate

Initial Rate Product Term Revert Rate Arrangement Fee LTV
3.47% Fixed Fixed to30.11.2025 4.39% (SVR-1.00%) None 95%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase Yes 3% for 5 years* 4.2% 0.35% DR0780

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.

* Overpayments of up to 10% per annum are allowed without penalty

Product Criteria

  • Free valuation
  • Minimum age 21
  • Repayment only
  • Max LTV 95% inclusive of fees
  • Minimum loan size: £30,000
  • Maximum loan size: £500,000
  • Maximum of 2 owner borrowers
  • Maximum of 1 supporting borrower
  • The maximum age of the Supporter at application is 70 years
  • The supporting borrower must be a close family member*
  • The supporting borrower must be the last named applicant
  • The owner borrower(s) must meet affordability to cover a minimum of 70% of the total loan borrowed
  • The supporting borrower must meet affordability on the shortfall, up to a maximum 30% of the total loan borrowed
  • All borrowers will be jointly and severely liable for the monthly mortgage payments and the total amount borrowed
  • All borrowers must declare their current financial commitments
  • All borrowers must include their own personal and household expenditure
  • The supporting borrower must be a residential owner occupier living in the UK
  • Supporting borrower to receive independent legal advice
  • The supporting borrower cannot live in the property
  • The supporting borrower will not be named on the title deeds
  • Applicants cannot own any other property at the time of completion (this does not apply to the supporting borrower)
  • When inputting the case into the online portal, the intermediary should enter the ‘supporter’ as the last named applicant.

*Close family member defined as one of:

  • Parents, step parents and adoptive parents;
  • Brothers and sisters, half brothers and sisters, and step brothers and sisters.
  • Children, step children and adopted children
  • Grandparents and step grandparents
  • Grandchild and step grandchild; and
  • Aunt and Uncle
Submit a DIP

Not registered? Register Now

Lending Into Retirement Downsizing

An interest only mortgage that allows downsizing as the repayment vehicle when the loan will be repaid in retirement.

Initial Rate Product Term Revert Rate Arrangement Fee LTV
2.69% (SVR-2.7%) 3 Years 4.39% (SVR-1.00%) £999 60%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 2.00% for three years* 4.2% 0.35% DR0655

* Overpayments of up to 10% per annum are allowed without penalty

Product Criteria

  • Interest Only subject to sale & downsize of main UK residence as repayment strategy
  • Minimum equity £250,000 (without geographical restriction)
  • We can consider cases below this level if other assets are in place or if it is appropriate to the geographical area. Subject to Underwriter assessment
  • Examples of property available for downsizing to in planned retirement area required
  • Evidence of retirement income required
  • 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
  • Must not be more than 5 years from retirement
  • Maximum term determined by ONS tables

The interest rate charged will not fall below 2.00% (the minimum interest rate) at any point during the mortgage.
Submit a DIP

Not registered? Register Now

Owner Occupied/Residential - Fixed Rate

Initial Rate Product Term Revert Rate Arrangement Fee LTV
1.47% Fixed Fixed to30.09.2022 4.39% (SVR-1.00%) £999 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase (including First Time Buyers) & Remortgage Yes 2% for 2 years* 3.4% 0.35% DR0768

The minimum term for this product must equal or exceed that of the fixed rate period.

* Overpayments of up to 10% per annum are allowed without penalty

Initial Rate Product Term Revert Rate Arrangement Fee LTV
1.77% Fixed Fixed to30.09.2025 4.39% (SVR-1.00%) £999 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase (including First Time Buyers) & Remortgage Yes 3% for 5 years* 3.3% 0.35% DR0769

The minimum term for this product must equal or exceed that of the fixed rate period.

* Overpayments of up to 10% per annum are allowed without penalty

Product Criteria

  • Free valuation
  • Minimum age 21
  • Interest only to 70% max LTV and subject to an acceptable repayment strategy
  • Minimum loan size: £30,000. Maximum loan size: £1,000,000 up to 80% LTV or £500,000 above 80% LTV. Loans over this are priced on a bespoke basis and have restricted LTV’s
Submit a DIP

Not registered? Register Now

Owner Occupied/Residential - Discount

Initial Rate Product Term Revert Rate Arrangement Fee LTV
1.74% (SVR-3.65%) 2 Years 4.39% (SVR-1.00%) None 80%
Purpose Portable ERC APRC Procuration Fee SBS Code
Purchase & Remortgage Yes 1.00% (for two years) * 3.5% 0.35% DR0766

The interest rate charged will not fall below 1.74% (the minimum interest rate) at any point during the mortgage.

Product Criteria

  • Free valuation
  • Minimum age 21
  • Interest only or repayment
  • Interest only to 70% max LTV and subject to an acceptable repayment strategy
  • Minimum term: five years
  • Minimum loan size: £30,000. Maximum loan size: £1,000,000 up to 80% LTV or £500,000 above 80% LTV. Loans over this are priced on a bespoke basis and have restricted LTV’s

* Overpayments of up to 10% per annum are allowed without penalty

Submit a DIP

Not registered? Register Now

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Best Service from a Mortgage Provider - Moneyfacts Awards 2014