Saffron for Intermediaries has today announced a series of updates to its Retentions Range.
Residential Retention (including those customers coming off First Time Buyer, Self-Build and Contractor/Self Employed deals)
- Introduction of £999 fee products priced lower in all segments (60%-90% LTV)
- Lowest: 4.27% 5-Year Fix with £999 fee, for 60% LTV and below
- Launch of a new JBSP Retention product, available in 2- and 5-Year Fixes at 95% LTV for 5.77% and 5.67% respectively, fee free
BTL Retention (including Expat, Limited Company and historic HMO products)
- Introduction of £1,999 fee products, reducing pricing across the range for fee products by 20bps
- Lowest: 5.07% 5-Year Fix with £1,999 fee for 75% LTV and below
Tony Hall, Head of Business Development at Saffron for Intermediaries, said: “We’re excited to add fee options to our Retentions Range. These new products give brokers more flexibility to tailor solutions for their clients, whether that means choosing a lower rate with a fee or a fee-free option with slightly higher repayments. Importantly, brokers will continue to receive 0.35% proc fees on all retention business, ensuring they’re rewarded for the advice and support they provide. And this isn’t the end – these updates are just the first in a series of enhancements we’ll be making this month, so watch this space!”
