Saffron's scorching Summer deals launch with exclusive self-build offer

14 July 2022

- Saffron Building Society is today announcing the launch of its scorching summer campaign, ‘Summer Mortgage Deals from Saffron’ offering deals across a selection of its specialist mortgages.
- Following a raft of product updates in 2022, Saffron will again adjust its specialist range, making the mortgages more attractive to brokers’ clients.
- The campaign launches today with a focus on the society’s popular Self-Build product.

Saffron Walden: 14 July 2022

Saffron Building Society has today launched its summer mortgage campaign for brokers. The campaign will introduce a series of offers throughout the summer, launching today with a sizzling new offer on its ever-popular Self-Build mortgage range.

The scorching ‘Summer Mortgage Deals from Saffron’ campaign was developed to provide a tempting selection of offers that will delight brokers and their clients and provide better mortgage deals available this summer.

The deals have a dual benefit. Firstly, to widen the appeal of the lender’s mortgage range by adding wider and more competitive products, better rates and removal of application fees. And secondly, as the economy takes its toll on brokers' clients, the deals feature lower upfront fees to reduce the initial costs of getting clients into new homes this summer.

Promoting a summer of self-building

As we bask in the hot summer sun, and with the Met Office confirming a warmer and drier than typical season, the circumstances couldn’t be better for self-build dreamers to lay the foundations for their dream home – swapping the sun hat for a hard hat.

With the perfect climate for self-builders, the society has focused its first summer offer on its self-build mortgage range.

No SVR increase: The summer campaign launches with a sensational offer, seeing the society discount the rates on these products to absorb the SVR increase forced by the recent base rate rise from the Bank of England. This tempting treat is in place across the Self-Build and Self-Build Large Loan mortgage range, providing discounted rates:

• Self-Build (up to £1m), 75% LTV, 2 Year Fixed - Discount Rate: 3.79%
• Self-Build (up to £1m), 80% LTV, 2 Year Fixed - Discount Rate: 3.99%
• Self-Build Large Loan (£1-2m), 75% LTV, 2 Year Fixed - Discount Rate: 4.49%
• Self-Build Large Loan (£1-2m), 80% LTV, 2 Year Fixed - Discount Rate: 4.69%

No Application Fee: To melt away the initial financial outlay for clients, Saffron’s summer deal on its Self-Build products provides an upfront saving for them as the society includes removes the application fee on the new, discounted rate products.

Reduced Product Fee: To complete this incredible summer deal, further cost savings are returned to brokers’ clients with a reduced product fee across the self-build mortgage range.

Tony Hall, Head of Mortgage Sales at Saffron Building Society, launched the summer campaign commenting:

“We are determined to celebrate this scorching summer with some tempting deals for brokers and their clients. We know times are tough so we have worked hard to bring together updates that will offer immediate upfront cost savings for mortgage applicants, that we hope will help to alleviate the strain of the rising cost-of-living.

“I am delighted to launch this summer of deals with the most significant saving ever seen on self-build mortgages. By absorbing the SVR increase through reducing the rates we are offering the two-year fixed rate at a discount throughout the summer, presenting a longer term saving for the borrower. Combine that with a discounted product fee and an upfront saving by removing the application fee, it has never been a better time for self-build dreamers to swap the sun hat for the hard hat. We are ready to support brokers and will provide plenty of information in the coming days, on our website and across our social media channels in the coming days and weeks.”

For more information about the self-build summer deals, and to access product information and resources, visit the Summer Mortgage Deals website here https://www.saffronforintermediaries.co.uk/summer-mortgage-deals or follow Saffron for Intermediaries on LinkedIn for regular support and updates.