Increased loan size becomes its standard proposition
Saffron Building Society has permanently increased its maximum loan size to £3 million for cases up to 80% loan-to-value (LTV) and to £1 million for those up to 90% LTV on all residential and BTL products.
The lender’s self-build large loan products have also been boosted with a new maximum loan size of £3 million, reflecting the increased demand in this specialist category.
The building society clarified that the loan size increase is not a short-term offer. Instead, it will become its standard proposition moving forward.
Saffron also has products specifically designed to support first-time buyers and contractors, as well as expats, all of which benefit from the increased loan sizes up to 90% LTV and no rate premium applied for larger loans.
More information on the product refresh is accessible online through the building society’s website. Brokers are also encouraged to contact the Saffron intermediary support team with any specific product and criteria questions.
“Increasing our lending capabilities across our product portfolio shows our commitment and drive to lead within the specialist lending arena,” said Tony Hall (pictured), head of business development at Saffron Building Society.
“We work closely with brokers, and we listen. Feedback received over recent months has shown a real appetite for larger loans, especially within the self-build and self-employed markets, so we have delivered.”
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