In August last year, the mutual announced that it would pause new mortgage applications for all business except self-build to protect its service levels.
It has now brought back its full range along with some rate cuts across its buy-to-let, first-time buyer, joint borrower sole proprietor (JBSP), owner-occupier and green residential products.
This includes the launch of a limited edition buy-to-let product which is fixed for five years and has a rate of 5.47 per cent. This is available for purchase and remortgage up to 75 per cent loan to value (LTV).
The mutual has also added a pair of five-year fixes, one at 90 per cent LTV and another at 95 per cent LTV, with respective rates of 5.47 per cent and 5.77 per cent. The mutual has also removed the arrangement fee and will offer a free standard valuation. Gifted deposits from close family members will be accepted while new-build houses and incentives are eligible up to 95 per cent LTV.
There is a five-year fixed JBSP product available at 95 per cent LTV with a rate of 5.77 per cent.
Across its owner-occupier offering, Saffron has added two deals which are fixed for five years and two which are fixed for two years at 80 and 90 per cent LTV.
The five-year fix at 80 per cent LTV has a rate of 5.07 per cent, while at 90 per cent LTV this is priced at 5.77 per cent. The two-year fixes have rates of 5.37 per cent and 5.77 per cent respectively.
Saffron Building Society also has a green product for residential borrowers, which is fixed for two years at 80 per cent LTV with a rate of 5.37 per cent.
Saffron: ‘Exciting plans…for a challenging year’
Tony Hall (pictured), head of business development at Saffron Building Society, said: “It’s a pleasure to kick off the new year with such a positive announcement to our intermediaries. Relaunching our limited company buy-to-let product has been in the pipeline for some time and we are delighted to be returning to the market with a complete range of products across all of our categories.
“Our product portfolio has been created in light of the economic shift the country is witnessing and to be able to offer products that help people onto the property ladder is what continues to drive us with our first-time buyer products.”
“I would like to personally thank brokers for their support over the last 12 months and we are entering 2023 with lots of exciting plans to help the industry during what will be another challenging year,” he added.
