The distributor will increase Saffron’s access to brokers who are looking for adaptive mortgage solutions and the collaboration will give Brilliant Solutions’ members access to a variety of Saffron for Intermediaries’ products, including their self and custom build range which incorporates early repayment charge-free products.
Brokers will also have access to self-employed products which accept applicants who require up to 90 per cent loan to value (LTV) with one year’s trading or who need to use most recent years income rather than taking an average.
They will also be able to offer a range of buy-to-let products including ex-pat and large loan applications, which are accepted up to £1m at 90 per cent LTV and £5m at 80 per cent LTV.
Saffron recently reduced rates in 12 of its core products.
Saffron and Brilliant: ‘Two businesses go hand in hand’
Tony Hall, head of business development at Saffron for Intermediaries, said: “We’re thrilled to be joining Brilliant Solution’s panel. They are renowned for their deep broker relationships and have a long and established reputation as a key player in the complex lending market – which fits well with our adaptable lending solutions proposition.”
Michael Craig, sales director for Brilliant Solutions, added: “We have worked with Saffron as a Mortgage Club for some time now, and it has become more and more apparent that with their niche look at lending and brilliant proposition the two businesses go hand in hand within our fees free packaging department. We are very much looking forward to working with Tony and his team with this new venture.”
