SAFFRON ANNOUNCES PRODUCT REPRICE & RELAUNCH

01 July 2023

• Saffron For Intermediaries has repriced selected residential products
• Today will also see the relaunch of BTL, LTD Company BTL and Expat BTL fixes
• All product changes are available to broker partners from today (Saturday 1st July 2023)
1 July 2023
Saffron Building Society can today announce a repriced and relaunched product offering.
The Society is repricing across a selection of residential products and has also taken the decision to relaunch a range of BTL fixes. Wider details are outlined below:
REPRICED PRODUCT OFFERING
SELF-EMPLOYED: Two new products are being repriced for the self-employed:
• 2-year fixed – 80% LTV – 6.77%
• 5-year fixed – 80% LTV – 6.67%

OWNER OCCUPIED: 2-year discount – 80% LTV – 4.99% (SVR-3%)

RETRO-FIT RESIDENTIAL: 2-year fixed – 80% LTV – 6.47%

REINTRODUCED PRODUCT OFFERING

BTL: 5-year fixed – 75% LTV – 6.37%

LTD COMPANY BTL: Two new products are being relaunched in the LTD Company BTL range.
• 2-year discount – 75% LTV – 6.09% (SVR-1.90%)
• 5-year fixed – 75% LTV – 6.57%

EXPAT BTL: Two new products are being relaunched in the Expat BTL range.
• 2-year discount – 75% LTV – 6.19% (SVR-1.80%)
• 5-year fixed – 75% - 6.67%

Tony Hall, Head of Business Development comments: “This product reprice and relaunch means that Saffron continues to be able to give choice to our broker partners. Product withdrawals and relaunches are a common feature of the mortgage market and with that in mind, I am pleased that we can offer fair and reasonable notice to brokers, and then return with refreshed products swiftly after.”

For more information you can visit www.saffronforintermediaries.co.uk/products.

Alternatively, you can contact the Saffron Intermediary Support Team or your BDM Team with any specific product and criteria questions on 01799 582925.