Expands Partnership
Saffron Building Society Expands Partnership with Connect for Intermediaries to Diversify Lending Solutions
As of today, January 3, 2024, Saffron Building Society is excited to announce an expanded partnership with Connect for Intermediaries. This collaboration enhances Saffron’s role on Connect’s esteemed panel of packaged lenders, broadening access to diverse mortgage products.
A leader in adaptable mortgage solutions, Saffron Building Society, is a mutually owned organisation committed to innovative lending. This enhanced partnership allows Connect’s advisers and their clients to easily access Saffron’s extensive product suite, which includes:
Global BTL Solutions
Available in various countries, this offering supports first-time buyers and landlords with varied consumer BTL scenarios.
Tailored Build Products
Ideal for land and build, knock down and rebuild, renovation, and conversion projects, all free from ERC.
Entrepreneur-Friendly Approvals
Tailored for the self-employed, these options support applicants with up to 90% LTV, considering one year’s trading or the most recent year’s income.
Ample Funding for Ambitious Ventures
Large loan applications are welcome. We offer up to £1 million at 90% LTV and £5 million at 80% LTV.
Comprehensive Support for Property Newcomers
These products include options for first-time buyers and landlords, accommodating various ownership structures.
Simplified Re-mortgaging
This product features a reduced ICR of 125% at the product pay rate for all “pound-for-pound” re-mortgages, regardless of personal tax positions.
This collaboration marks a significant step forward, broadening opportunities and support for clients and advisers alike.
Leadership Perspectives on the Collaboration
Quotes:
Kevin Thomson, Sales Director at Connect for Intermediaries, expressed his enthusiasm about the collaboration: “I am thrilled that our members now have access to all of Saffron Building Society’s products, including their packaged products.
In a market where client needs are evolving, access to a broad range of lenders is essential. This partnership with Saffron allows our network members to meet their clients’ diverse needs effectively.”
Tony Hall, Head of Business Development at Saffron for Intermediaries, expressed his delight, saying, “It’s exciting to expand our relationship with Connect. This now includes supporting their broker network and packager team.
Our broad product offering is perfectly positioned to meet the varied needs of Connect’s clients through our adaptable lending solutions.”
This strengthened partnership underscores Saffron Building Society’s commitment to providing robust support to advisers and clients, cementing its leadership in the dynamic mortgage industry.
We have reached the end of our update on “Expands Partnership | Saffron Building Society Joins Connect to Diversify Lending Solutions.” Until next time, stay Connect!
