Saffron for Intermediaries has confirmed a sequence of updates to its Retentions Range.
For Residential Retention (together with these clients coming off first time purchaser, self-build and contractor/self-employed offers), Saffron has introduction of £999 payment merchandise priced decrease in all segments (60%-90% LTV).
The lowest price is a 4.27% five-year repair with £999 payment, for 60% LTV and beneath.
It has additionally launched a JBSP Retention product, obtainable in two and 5 -year fixes at 95% LTV for five.77% and 5.67% respectively, which is payment free.
For BTL Retention (together with expat, restricted firm and historic HMO merchandise), the lender has launched £1,999 payment merchandise, lowering pricing throughout the vary for payment merchandise by 20bps.
The lowest price supplied is a 5.07% five-year repair with £1,999 payment for 75% LTV and beneath.
Commenting on the product adjustments Saffron for Intermediaries head of enterprise growth Tony Hall stated: “We’re excited so as to add payment choices to our Retentions Range. These new merchandise give brokers extra flexibility to tailor options for his or her purchasers, whether or not which means selecting a decrease price with a payment or a fee-free choice with barely larger repayments.”
He added: “Importantly, brokers will proceed to obtain 0.35% proc charges on all retention enterprise, making certain they’re rewarded for the recommendation and assist they supply. And this isn’t the tip – these updates are simply the primary in a sequence of enhancements we’ll be making this month, so watch this area!”
