It offers reduced rates, no application fees, and more…
Saffron Building Society has launched its latest mortgage campaign for brokers, introducing a series of offers throughout the summer.
The ‘Summer Mortgage Deals from Saffron’ campaign starts with a no-SVR-increase offer which is in place across the building society’s self-build and self-build large loan mortgage range.
It also provides reduced rates for two-year fixed self-builds up to £1 million at 75% LTV with a discounted rate of 3.79%; two-year fixed self-builds up to £1 million at 80% LTV with a discounted rate of 3.99%; two-year fixed self-build large loans of £1 million to 2 million at 75% LTV with a discounted rate of 4.49%; and two-year fixed self-build large loans of £1 million to 2 million at 80% LTV with a discounted rate of 4.69%.
Saffron’s summer deal on its self-build products also offers an upfront saving, with the application fee removed on the new, discounted rate products. Completing the deal is the reduced product fee across the self-build mortgage range.
Tony Hall, head of mortgage sales at Saffron Building Society, said they were delighted to launch the summer deals, which he claimed offer 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,” Hall stated.
“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.”
Hall added that Saffron is ready to support brokers and will provide plenty of information in the coming days, on its website and across its social media channels in the coming days and weeks.
