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 elevates Saffron’s role on Connect’s esteemed panel of packaged lenders, broadening access to a diverse range of mortgage products.
A leader in adaptable mortgage solutions, Saffron Building Society, is a mutually owned organization committed to innovative lending. The enhanced partnership allows Connect’s advisers and their clients to easily tap into Saffron’s extensive product suite, which includes:
- Global BTL Solutions: This offering is available in various countries, supporting first-time buyers and landlords with varied consumer BTL scenarios.
- Tailored Build Products: These products are ideal for land & build, knock down & 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 are inclusive 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.
Leadership Perspectives on the Collaboration
Liz Syms, CEO and founder of Connect brings over 25 years of industry experience. Under her leadership, Connect supports clients in achieving their property goals through a diverse panel of over 170 mortgage lenders. The organisation offers comprehensive assistance, including training, events, business development, regulatory guidance, technology solutions, and access to an expansive product panel.
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!