Saffron Building Society Residential Mortgage Rates
| Product | Rate | Initial Period | Fee | Overpay |
|---|---|---|---|---|
| 2-yr fixed 60% LTV | 5.52% | 2 years | £995 | |
| 2-yr fixed 75% LTV | 5.70% | 2 years | £995 | |
| 2-yr fixed 85% LTV | 5.92% | 2 years | £995 | |
| 5-yr fixed 60% LTV | 4.12%Best | 5 years | £995 | |
| 5-yr fixed 75% LTV | 4.32% | 5 years | £995 | |
| 5-yr fixed 85% LTV | 4.54% | 5 years | £995 | |
| 5-yr fixed 90% LTV | 4.74% | 5 years | £995 | |
| 2-yr tracker 65% LTV | Base+1.27% | 2 years | £595 | |
| Standard Variable Rate | 7.79% | Ongoing | None | - |
Saffron Building Society Buy-to-Let Mortgage Rates
| Product | Rate | Initial Period | Fee | Overpay |
|---|---|---|---|---|
| BTL 2-yr fixed 65% LTV | 6.10% | 2 years | £1,299 | |
| BTL 5-yr fixed 65% LTV | 4.74%Best | 5 years | £1,299 | |
| BTL 5-yr fixed 75% LTV | 5.00% | 5 years | £1,299 |
Saffron Building Society Product Transfer Rates
| Product Transfer Option | Rate | Initial Period | Fee | Cashback |
|---|---|---|---|---|
| Saffron Building Society 2-yr fixed PT (same LTV band) | 5.57% | 2 years | £0 | Cashback available |
| Saffron Building Society 5-yr fixed PT (same LTV band) | 4.17% | 5 years | £0 | Cashback available |
| Saffron Building Society PT + borrow more (residential) | 4.24% | 5 years | £595 | Cashback available |
About Saffron Building Society Mortgages
Saffron Building Society is an Essex-based mutual lender with a focus on flexible, manual underwriting for borrowers who don't fit standard criteria. They have developed particular expertise in contractor mortgages, using day rate income to assess affordability rather than applying restrictive salary multiples.
Saffron Building Society is an excellent choice for contractors, freelancers, and those with variable income who are often underserved by high-street lenders. Their approach to contract day-rate income can result in significantly higher borrowing capacity than applying direct to a major bank.