Complete FS market new range from Saffron

Complete FS, the South Coast based mortgage distributor is, along with a small number of other preferred partners, rolling out a new product range from Saffron Building Society.

Related topics:  Mortgages
Amy Loddington
11th February 2013
Mortgages
Only available via intermediaries, Saffron’s range includes mortgages for both ‘Everyday Situations’ and ‘Special Situations’.

Key features include:

- FTB product up to 95% LTV at 5.99% fixed until 31.8.2016 that allows borrowers within Essex, Herts, Norfolk, Suffolk & Cambs with a history of paying rent for the previous 12 months to only need a 5% deposit.

- Self-employed product up to 80% with rates from 4.99% at 75% and 5.49% at 80% where applicants only require 1 year’s accounts and a projection. Also available to first time buyers.

- BTL rates from 4.89%. Existing BTLs ignored - up to 75% LTV with no ERC.

- BTL refurbishment from 5.89% that allows 3 months to complete works while property is empty with additional funds being released after re-inspection on new value, up to 75% LTV, no ERC overhang.

Tony Salentino, Director at Complete FS commented:

“We are delighted to be a preferred business partner of Saffron Building Society because of our distribution and packaging capability, reputation and experience. Saffron Building Society still values human underwriting rather than the slavish reliance on credit scoring exhibited by other lenders. It is good to see another lender returning to the distributor/packager model because they understand the value in having an experienced business like us pre-vetting enquiries which means they only receive quality applications which minimises delays, speeding up processing and reducing costs.”

Peter Izard, Head of Mortgages at Saffron Building Society said:

“I’m delighted that Saffron Building Society will be working closely with Complete FS, to make our new range of ‘Everyday Situations’ and ‘Special Situations’ mortgages available to their brokers.

“Our ‘Everyday Situations’ range includes deals designed for borrowers seeking straightforward and competitively priced owner occupied or buy-to-let mortgages and our ‘Special Situations’ range caters for borrowers with distinct needs: be they professionals, the self-employed, self-builders or property investors.  

“Within each range borrowers are able to select optional features such as interest only, second homes and mortgages for expatriates returning to the UK. Complete FS brokers have the assurance of knowing that we’ll take into consideration borrowers individual circumstances, apply common sense and provide a personal and reliable service.”
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